Reply to How to ask for loan money back?

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[quote=Anonymous][quote=Anonymous]I hate to say this but it would really rub me the wrong way if I was just never payed back....I took that money out of my savings that I'm using to try and build my future with. Mom or no mom I'll be really hurt. I'm gonna try and talk to her.[/quote]

OP, if you can be calm and approach this without accusations ("You took my money and didn't pay me back!" etc.) it will go better.

Tell your mom kindly that you helped her and brother out and now need to discuss repayment, but you are willing to work with her on paying you back very gradually. Tell her that you know she is having a tough time and you understand how hard it is to save up money, because you are in that boat yourself, so you are suggesting that she (and/or brother - even a full-time student can try to get a little work at the holidays--?) pay you back perhaps in small installments such as $10 a week -- something she and/or he can manage. Yes it will take a long time, and it will be a risk for you, frankly; I predict that you may never see all your money and that they may pay you a few times at first, slack off, maybe start to pay every few weeks instead of weekly. A lot depends on how much you want to remind them to stay on top of this.

Might be too much like hard work, but an offer of gradual weekly repayment might show your mom that you both understand her bind, and you are serious about expecting your money back. Or it might backfire and you'll end up madder, but at least you will have tried to get your money back on terms they can handle.

And never, ever lend money to family again - consider it a gift, period. Never lend what you can't afford to lose.[/quote]

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