i am getting to the end of my tether with ds.he is 18 with a mental age probably of about 13.
today, something made me open his post - he seemed to have loads of it and i dont know why but i had a hunch. i opened it and he has gone to one of those disreputable loan companies that charge massive massive interest. he doesnt even understand what he has done. he had got into minor minor debt - im talking £100 - which i could have paid for him had he only come to me first - instead he has paid an admin fee for some bastard "company" to "find" him a loan - of £2000 with an APR of 58.8%. he doesnt even understand what that means. he had also taken out a contract with Orange for a netbook and dongle that i didnt know about - he doesnt even need it. he doesnt know why he did it. Orange have been brilliant - absolutely fantastic - and immediately dropped the contract but the loan thing i have absolutely no idea what to do with. the broker have taken the admin fee. he doesnt know who the loan is with, but he says he hasnt signed anything yet. does this mean ive caught this in the nick of time? the bank cant help. (ive tried) he has no real income to pay anything like this back - he has a part time job that pays £250 a month, he is at college 2 days a week.
if he hasnt signed anything does that mean they cant take the money? im shitting myself here i have to say.