Family

[winner12]

Hi all
Just sounding off about my family
Borrowed some money off a relative and have paid them back slowly some times more than I should (they were fully aware of all my debts at the time )
But they have hounded me constantly more then any other DCA or Bank do you think I should stop whining and just put it down to another lesson of life
The goal posts have constantly moved with the onset of each month with me paying back when finished £1500 more than I borrowed

[CleverClogs]

Re: Family

Borrowed some money off a relative and have paid them back slowly some times more than I should (they were fully aware of all my debts at the time )
But they have hounded me constantly more then any other DCA or Bank do you think I should stop whining and just put it down to another lesson of life
The goal posts have constantly moved with the onset of each month with me paying back when finished £1500 more than I borrowed

Why?

They cannot sue you, can they?

[bluebottle]

Re: Family

Unless your relative holds a money lending licence, once you have paid them back what you borrowed, I would be inclined to tell them, "No more".

[winner12]

Re: Family

I think it all a bit of a shock the way I have been treated I have always felt really guilty about the amount of debt I have and think they have prayed on my good nature a little bit
They have a good job nice house and pots of money and the words control freak come to mind too and to boot this person is an In Law so im feeling very used and a bit stuck between the devil and the deep blue sea

[CleverClogs]

Re: Family

Unless your relative holds a money lending licence, once you have paid them back what you borrowed, I would be inclined to tell them, "No more".

If I'd repaid them, I'd be minded to refer them to the celebrated retort in the 1971 case of Arkell v Pressdram. :rofl:

[winner12]

Re: Family

Thanks Cleverclogs once again you make me laugh
But I dont think she knows the meaning of those words she is too thick skinned or should that be thick

[CleverClogs]

Re: Family

So tell her that, as lunacy does not run in your family, she'll not get one penny more no matter how she tries to harass you.

However, she may get an ASBO.

[bluebottle]

Re: Family

Does she have a dorsal fin on her back, very large sharp, white teeth and play the music from "Jaws" rather a lot? Obviously, she hasn't met the Sharkhunters (aka Illegal Money Lending Teams [IMLT])!

[charitynjw]

Re: Family

If your relative is claiming interest on the loan, have they informed HMRC re this taxable income?

[CleverClogs]

Re: Family

If your relative is claiming interest on the loan, have they informed HMRC re this taxable income?

Why not tell HMRC, just to be sure?

[winner12]

Re: Family

The whole sorry tale has made me feel quite sad and to be honest I want to put it behind me and move on we dont speak I only know she cashes the cheques I have sent her by checking my bank balance
The awkward moments are my other half is committed to paying her back she stitched us up by claiming the first few payments which we gave her for rent (we lived with her unfortunately but dont anymore )
were going towards paying off her loan to us but when we moved out she claimed never to have said any such thing and has since made my life hell and put a huge amount of pressure on myself and my other half

[CleverClogs]

Re: Family

How has that harpy sought to make your life unpleasant?

[winner12]

Re: Family

Well when I admitted how much debt I had we moved in with her and tried to sell our house to pay off debts and save some money by not paying bills etc (so I thought I was very down and quite depressed at the time ) she made my life hell (partner at work most of the time ) I did stand up to her but been a control freak she would burst into tears
She then picked on my daughter age 11 at the time and culminated in me finally coming to my senses having not sold our house after 7 months finding out my Dad was dying of Cancer we moved back home
My Dad has since passed away and I have battled DCA and Banks with everyone's help on here to get myself into a better position financially and I'm slowly paying my debts back
But she demanded her loan back in full 5 grand once we moved out denying ever letting us use the so called rent money as debt payments ( 3 grand in total)
we started paying her back my OH siding with her because he was so grateful for all she had done
I have grown in strength over the last 18 months and grieved for my Dad in the last year
But she knows the money situation is the way to turn a knife between us we now owe 1500 but I think this is overpaid rent and she has had the money but the OH thinks we should pay her off and get rid of her so we can then concentrate on our other debts
I could write a book on the whole sorry tale Its been more of a nightmare than any DCA or Bank can come up with
Thus stuck between the Devil and the Deep Blue Sea and desperate to move on

[labman]

Re: Family

Very difficult Winner, I feel for you. I can understand fully your OH's reluctance as it's family, and I can understand your side too. It is sadly the problem with borrowing from family, especially when the worm turns as has been the case here.

I would suggest the main thing is to keep the peace between yourself and your OH - that's the most important relationship here. If that mean keeping on paying, I would say that's the way you should go. If you can convince your OH that the debt has already been more than repaid, then I would suggest you simply pay no more.

At the end of the day, money is not worth losing your relationship over, and loved ones always come first in my book.

[winner12]

Re: Family

Yes Labman
I have realised that over the last couple of years if the only good thing to come out of all this is my OH has really seen her in a true light
I have said I dont want anything to do with her again not just because of the money issue but her blatant bullying of a young girl I will never forgive and forget