April 27, 2010
- Loans???
Dear Mrs. Figgins:
My daughter and son-in-law recently asked my husband Bill and me for a small loan. My son and his wife make a healthy yearly income but one of their “investments” almost failed and it was more comfortable for Mom to help.
There was no paperwork signed. After all, we’re family and I trusted them. They said they would pay monthly. Eight months have passed. They’ve gone on two vacations since.
Maybe they think this is part of their inheritance? BUT IT IS NOT. Bill and I are careful about our money, and don’t have any to “lose”, or we need to go back to work at our age.
Do you think it would be OK for us to bring up the subject?
Greta and Bill, New Mexico
Dear Greta and Bill.
YES, it is absolutely appropriate for you to ask about the monthly payment. The sooner the better.
If it makes you feel more comfortable, ask if you should send a monthly reminder. Either way, you need to address this issue.
This was not an inheritance. You need not feel bad or try to rationalize this.
They owe you the money. Plain and simple.
Mrs. Figgins
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