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Started By
Message
re: Tough Situation - Loan Options?
Posted on 10/5/14 at 11:19 pm to hungryone
Posted on 10/5/14 at 11:19 pm to hungryone
quote:
this is not your problem to solve
I have no plan to risk myself financially, but if I can offer advice, I will. That's all I'm looking for. Shot in the dark that maybe there's something out there I don't know about. I'm not very money-savvy.
quote:
nor is it his daughter's
While I agree, she's going to help him any way she can. It's family.
quote:
But borrowing money at 66 to pay for a cab is a bad bet.
Yep. Just not sure what other option he has. If he's dead-set on being a cab-driver anyway.
quote:
Can you encourage him toward other kinds of work? He has a CDL, he might find driving work on larger vehicles.
Honestly have no idea. Can't hurt to ask.
1
Posted on 10/6/14 at 5:50 am to JollyGreenGiant
I think if you can help him great. However I would view it as a gift if you can help him. At 66 if there is nothing in the bank and no way to fix this problem on his own there is likely no way he will repay you for the loan. So be very careful taking a loan out while in school that you can't afford to pay back on your own.
It's family and life is all about helping family but don't fall on the sword yourselves for doing something very generous and set yourselves back in your careers before they get started.
It's family and life is all about helping family but don't fall on the sword yourselves for doing something very generous and set yourselves back in your careers before they get started.
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