- Joined
- Jul 28, 2018
- Location
- London
My big brother is in mountains of debt. He's alway lived way beyond his means and borrowed his way through life, now it looks like it caught up with him. He called me a month or so ago asking for £600 to keep bailiffs off him. Usually I would say no but he looked and said that he was stressed out and this was getting to him. I said I would lend him the money, but we need to have a sit down talk and go through his debt with the idea to come to a permanent solution.
Through work he earns like £13k a year and borrowed £19k on 34% interest to buy a used Range Rover. He has the latest phone at over £50 a month and I could go on and on about the gross overspending he's done.
I put a plan together for him to reduce some of the stupid expenses. As predicted, he missed paying me back when he got a government debt grant, giving me like £100 out of the £600 he owes and promised he will give back to me once said grant came through.
I then got asked probably what is the most astonishing question I've ever been asked. He messaged me asking for a favour. Over the summer period, he wants to do some DJ work and asked me if I could take out a £1,200 loan (through the website) to buy him a new mixer (he already has one) and he'll pay me back it 3 installments.
Honestly, some people just can't be helped.
Through work he earns like £13k a year and borrowed £19k on 34% interest to buy a used Range Rover. He has the latest phone at over £50 a month and I could go on and on about the gross overspending he's done.
I put a plan together for him to reduce some of the stupid expenses. As predicted, he missed paying me back when he got a government debt grant, giving me like £100 out of the £600 he owes and promised he will give back to me once said grant came through.
I then got asked probably what is the most astonishing question I've ever been asked. He messaged me asking for a favour. Over the summer period, he wants to do some DJ work and asked me if I could take out a £1,200 loan (through the website) to buy him a new mixer (he already has one) and he'll pay me back it 3 installments.
Honestly, some people just can't be helped.