What would you do if your child was scammed out of money?

[Bringonthesun24]

Basically as my title suggests, would you loan them the money until they could either pay it off or received the money back through the bank? Or would you just offer some kinds words and let them sort out their own issues.

The scammed amount would be less than 500 pounds and could be afforded by the parents.

Yes, in principle, I'd loan them the money, unless this is a habitual problem they have had. I want to see my adult children thrive in life.

I was that scammed person in my youth. My Nan covered it and I paid her back every penny in instalments, but it took pressure off me.

I owe so much to her.

Of course I would. If they need the money now to pay immediate living expenses and the bank is being slow to reimburse any of the scammed fund, there’d be no question. I’d like to think they’d do the same for me or any relative caught out in this way.

I assume you are the child and your parents won’t lend you money.

In this situation I’d lend them the money without a second thought.

However, when I read stories about women giving all their money away to young men, I would not lend them money in that situation (although I would possibly buy them food etc).

If you can afford it just give them the money if they need it. What's the big deal?

I’d give them the £500, I’d probably say it’s a loan if they refuse my help and then I’d be very vague about them paying it back until it’s eventually forgotten.

I'd lend the money, encourage them to chase the bank for any compensation if that's an option and ask them to pay me back £10 pw by standing order.

I would give- not loan-them that money, if I had it and they were in such straits.

Of course?
Why even ask?

I think the point is, if they never have discomfort from their failures, they are less likely to learn from them. They will be more careful of scams if they are out of pocket by £500 than if their parents are. That's the only reason I'd personally ask for repayment, for their financial discomfort to help reinforce the idea that they need to be very aware.

I think mine would learn from this, once bitten, and I wouldn't ask for the money back. Unless this was a habitual problem, I would gift it. While also giving them a bit of a bollocking.

Actually, this already happened to DD when she was 21. She lent a friend money and never got it back. Lesson learnt. I bailed her out.

I’d bail them out if I had the money unless this was the latest in a long pattern of them needing money from me and I felt it was time for them to face the consequences of their decisions.

I agree. I would take this approach too.

send for Emil and the Detectives !

Has scam been reported , to bank and Action Fraud? Is there any prospect of recovery ?

I’ve give them the money

I’d help to get them out of a hole. They didn’t deliberately get themselves into trouble.

Yes, of course

Yes i am the adult (child) in this situation. I have never been scammed in my life. I'm a well educated person and highly embarrassed that I've been scammed.

My parents have probably loaned my no more that 200 in my adult life when I was struggling as a working single parent. I paid it all back though.

They haven't offered to help, nor much emotional support. This is just a long line of things that they have not been there for me (not financially). When I've needed them the most they have not been there and I couldn't dream of never not being there for my son if he were ever to be in my position

I'd buy them the food or go with them and get their petrol for them. I wouldn't hand over the cold hard cash.

I'd also see if there was a free online training course on internet safety and how to spot scams and phishing/smishing and other traps for getting your private data and send that on to her.

Yes. Of course.

Only last week I was annoyed at someone who expected her parents to put down a house deposit, but in this case I would certainly gift it to you. Especially as you are so badly off and a single parent.

I'm not sure why you would need emotional support about getting scammed for £300. It's obviously a bit shit that it happened but it's not a handbold moment.

Like the others, I don't think I would have offered money because I would assume that £300 falls into most people's contingency money and assumed it was more a matter of admin and waiting for the bank to refund it. But I wouldn't be withholding it to make a point and would be happy to help.

Some parents would help out, others would think it was an important lesson to learn.

Neither are wrong.

If I was the independent adult child I wouldnt expect my parents to fix my mistakes.

OP doesn't have enough for food and petrol. Doesn't that make a difference? It would for me