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re: You lent your sister $6,000 for your nephew’s tuition last year

Posted on 5/25/20 at 3:53 pm to
Posted by OlGrandad
Member since Oct 2009
4355 posts
Posted on 5/25/20 at 3:53 pm to
quote:

You’ll probably never get paid back Nearly three quarters of people who borrow money from friends or family never pay the loan back in full. Rather than expecting to get paid back, you should view the loan as a gift in your mind. Chances are you’ll never see that money again, so only lend as much as you are comfortable parting with.

Full Forbes Article
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 5/25/20 at 3:54 pm to
Did you loan her the money with strings attached? Like hey if I loan you this money your husband is my bitch for life kinda thing?
Posted by WestSideTiger
Baton Rouge
Member since Jan 2004
4923 posts
Posted on 5/25/20 at 4:03 pm to
Depends on the situation but I bet it’s something like this.

The BIL doesn’t see value in a private school education and would just as soon send his son to public school.

Your sister is the one who wants her son in private school but she has little to no means to afford it herself. Your nephew wants to go to that school as well.

Am I close?

Posted by red sox fan 13
Valley Park
Member since Aug 2018
18497 posts
Posted on 5/25/20 at 4:13 pm to
Kill your sister and frame your BIL. Collect your money back and the truck, netting you an increase in cash and no more trashy relatives.
Posted by RGJ18
Collierville, TN
Member since Feb 2010
9231 posts
Posted on 5/25/20 at 4:15 pm to
sounds like my mother and father in law. Said they couldn’t afford to pay anything for our wedding, then both went and bought brand new cars within months of said wedding.

Decisions like that is why they are in their position.
Posted by saderade
America's City
Member since Jul 2005
26265 posts
Posted on 5/25/20 at 4:25 pm to
quote:


I'd calmly address your concerns with her instead of letting it fester and spoil your relationship.

Best case there's a reasonable explanation and they work towards repaying you. If not you gave them a chance and an any repercussions to the relationship are their fault. If nothing else you'll be helping her and your nephew by informing her the bank of bro won't be available next time tuition is due so they may have time to prepare responsibly.
:kige:
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
33334 posts
Posted on 5/25/20 at 4:25 pm to
quote:

What do you do?
Tell them the kid is going to public school next year.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 5/25/20 at 4:27 pm to
Nothing. I don't lend family money. I give it to them if they need it so that this type of issue won't be an issue.
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 5/25/20 at 4:27 pm to
neither a borrower nor a lender be, baw
Posted by Finch
Member since Jun 2015
3704 posts
Posted on 5/25/20 at 4:29 pm to
quote:



Maybe it’s cool in your trailer park to damage someone else’s property but that’s frowned upon in polite society






Would you prefer he steal his commissary?
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
43150 posts
Posted on 5/25/20 at 4:34 pm to
quote:

neither a borrower nor a lender be, baw


My maw maw and be baw always told me that.
Posted by km
Baton Rouge
Member since Jul 2008
5653 posts
Posted on 5/25/20 at 4:56 pm to
Try to remember, you’re doing it for your niece/nephew. Worth every dollar.
Posted by 4Ghost
Member since Sep 2016
8565 posts
Posted on 5/25/20 at 5:18 pm to
To you it was a loan, but to her it was a gift from her brother, the sucker!
Posted by DiamondDog
Louisiana
Member since Nov 2019
12831 posts
Posted on 5/25/20 at 5:54 pm to
People who allow others to borrow money deserve default.

Borrowing is what a bank is for.
This post was edited on 5/25/20 at 5:54 pm
Posted by bakersman
Shreveport
Member since Apr 2011
5993 posts
Posted on 5/25/20 at 5:57 pm to
Make the nephew work it off or repay you
Posted by BowDownToLSU
Livingston louisiana
Member since Feb 2010
21191 posts
Posted on 5/25/20 at 6:29 pm to
quote:

Not lend money to your deadbeat relatives.
I’m 53 , my wife will say this happened to your relative and I will call if they are close to my age or older but the younger ones I’m not calling shite. I’ve found out that if you make that call you better open your wallet or worse open your house because they need a place to stay
Posted by FightnTiger
Louisiana
Member since Jul 2007
1076 posts
Posted on 5/25/20 at 8:01 pm to
Encourage nephew to finish school. Tell sis and BIL their kid is more important to you than their selfish ways.
Posted by TrapperJohn
Louisiana
Member since Dec 2007
12165 posts
Posted on 5/25/20 at 8:19 pm to
My mom gave $1000 to a shady cousin of mine several years ago. She said it was the best investment she ever made because he would NEVER come around again...and he hasn’t.
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16409 posts
Posted on 5/25/20 at 8:57 pm to
Rule #1. Never lend you more money than you can stand to lose.

Rule #2. Never let relatives borrow large sums of money. It will eventually ruin your relationships
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
65226 posts
Posted on 5/25/20 at 9:01 pm to
quote:

sounds like my mother and father in law. Said they couldn’t afford to pay anything for our wedding, then both went and bought brand new cars within months of said wedding.



I just dont understand why parents should pay for their child's wedding.
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