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Unrepaid loan

8 replies

UsuallyHappy43 · 15/03/2023 20:27

So over 2 years ago I loaned a close family member some money. Not an insignificant amount but nothing that will cripple us. I have asked for a time line and promises have been made but no money has ever been returned. They live overseas and I know times are difficult. I have no intention of lending any more to them and really just want to draw a line under it and let it go. However my husband is badgering me constantly to do something to get this money back. He won't listen to my concerns or emotional involvement. I either speak to this family member and drive them further away from me or have to put up with the constant badgering and arguments between me and my husband, who won't listen or try to understand my point of view. I feel caught between the devil and the deep blue sea. Any advice would be very welcome.

OP posts:
Zuffe · 15/03/2023 21:32

Assign the debt to him and suggest he recovers it. Before doing that let your relative know.

beccahamlet · 15/03/2023 21:39

It's really tricky. I was in a similar situation years ago except my husband didn't hassle me about it. The money was never repaid. Bloody annoying, but I made a bad decision albeit in good faith.
Neither a lender nor a borrower be. (Shakespeare).

Ragwort · 15/03/2023 21:44

We've had the same stupidly twice just had to accept that we will never see the money again but at least DH and I are on the same page about it ... it was DH's relatives but I understand why he felt he wanted to offer them a loan and don't feel it's appropriate for me to hassle him about it.
But lesson learned .... never loan money ... better to just make a gift of it.

MichelleScarn · 15/03/2023 21:49

That's a bit rubbish of the relative if they would distance from you for being asked to repay money you kindly lent them.

Aquamarine1029 · 15/03/2023 21:51

Tell your husband he can speak to them and also clue into the fact that chances are excellent you will never see a drop of that money. He can contact them but then he needs to let it go. That money is gone with the wind.

UsuallyHappy43 · 16/03/2023 13:33

Thank you all. I do feel stressed by the whole situation and for my sanity I need to draw a line under it. If only my husband could see that too 😞

OP posts:
TheMatriarchy · 16/03/2023 15:33

Definitely pass this over, tell relative your DH is upset the money has not been repaid and will be getting in touch. And tell your DH that you've tried your best and got nowhere, can he please step in. Then disengage from both of them over it.

NaomhPadraigin · 16/03/2023 15:37

Your DH is right, you should be repaid. If you're not willing to ask for it pass the job to him.
And never lend them money again!

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