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[quote=Anonymous]Hi. I would like some advice. I just found out that my spouse took out a $80k personal loan to help a family member. The interested rate is 8% and the term is for 3 years. The first monthly payment has just been made on July 1. We will not get it back because his family member lost their shirt then house day trading for 10 years, obviously in the home country. Their spouse never worked. Could you please educate me - Should I pay back the 80k outright if I have cash, or given inflation, the current interest rate and stock market, pay monthly for 3 years? Thank you in advance.[/quote]
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