Would you lend money to a family member in these circumstances?
I’ve been asked by my cousin to lend her £2.5k for rent arrears. Her landlord has tried to work with her by setting up a payment plan apparently but it’s not worked out and they are now ready to start the eviction process unless she clears the debt. It sounds like it’s been dragging on for almost a year with her paying some, then not, but she’s being quite vague about the timings.
She works full time, has children but gets no financial help from their dad. I don’t know where she would live if she’s evicted. What would happen?
I can easily afford it but I don’t think I’ll get it back, at least not all of it. She says she could pay me £200 per month back but based on what’s happened with non payment to her landlord, I doubt that. I could afford to write it off if she doesn’t pay so that’s not the problem. I wish she hadn’t asked. I feel selfish as it’s not an amount that would be a problem to me but I’ve always had the mindset of not lending money to anyone as it causes issues and a big part of me feels she needs to sort this out herself.
Would you lend her the money?
YABU - Yes
YANBU - No