Stress

[syednc]

My Uncle took £3000 from me and said to return all money with interest in the next 2 months.

It has been more than 5 months and now he is also ignoring my texts.

I am so stressed.

What should I do?

[hypercat54]

Maybe he can afford to start making small payments instead of the whole lot at once if you are happy with that. Have you tried to set up a direct debit for this? If you have tried everything and he still ignores you then I would take it to a solicitor.

Have you other family members who can talk to him? x

[syednc in reply to hypercat54]

Thanks for your suggestions HyperCat.

I can tell my Dad to talk with him about this and get some answers.

Hope you have a good day!

[Hidden]

That's the thing with family agreements - you have to weigh up whether you need this money back urgently, and whether you can confide in another relative that you haven't had the money back. He may think that interest applied is too much. Bank interest is so low that he might be comparing you to a bank! You are not! When people refuse to answer your texts, then you know they are not ready to pay you back. If they have no intention of paying it back then you've got the stress of going to a small claims court.

Your health comes first. Hope you resolve this amicably.

[syednc in reply to Hidden]

Hi Hawii,

I have even said in texts that I only need my money (£3000) which I gave, not a single penny of interest but he still ignores.

I am not sure what to do.

[Hidden in reply to syednc]

It's treading on egg shells unless you can find out how your uncle is from someone else. You would feel upset if he was paying for a medical bill but would be annoyed if he had spent it on a holiday! If he is ill, then he might delay because of this. I would do my best to find out if your uncle is ok. Perhaps he can pay the money back in instalments but know how worried you must be as you probably have bills you need to pay yourself. Is he on the phone? Does he work? Can you phone him in at work to say you are worried about him as you have not heard from him. If he has changed his phone and number that may well be another reason you have not heard back. If you are close to your uncle I know you won't want to upset him. If he is in debt he may not have told his family. You sound such a kind person. Take care.

[syednc in reply to Hidden]

Thank you so much Hawii for the kind suggestions.

I really hope he is fine and not in some trouble.

Money does not possess more value in front of me than loved ones’ health.

I will try to get in contact with him some other way or through another family member to check if he is okay.

Appreciate your responses a lot.

Warm regards,

Syed

[Want2BHappy3]

Never lend money if you don't have it to give? I've been burned by relatives, I wouldn't even co-sign a car for my daughter. I don't know the laws in your country, but I would sue him? Or just take this as lesson learned. I had lent an ex-boyfriend who was becoming a police officer $800, well because he was being sued, he couldn't continue with training until he paid me back. I lucked out there. I needed the money to support myself and my daughter... lesson learned 🙂

[Hidden]

Unfortunately a lesson learned and sad that someone who is family would do that to their own. All you can do is continue to attempt to make contact with easier means for him to repay and maybe see if he's embarrassed by this all. Otherwise, you need to focus on yourself, consider it money lost for now, and regain your footing. Money loss and debt can be tiresome, stressful, and a beat down, but this isn't necessarily your fault....who doesn't want to help their family out. Try to focus on getting your financial grounds back whole. Form a budget, maybe take a look a side jobs to get out of the situation quicker, or find ways to save at places you spend and put that money into a savings area. When you find a good plan and forget what is now long gone (barring a miracle on your uncle's concious), I think your stress will reduce one step at a time. Sorry to hear about this...family should never do things like this to one another.

[syednc]

Hi Veritas, Thanks for such a great comment. I was able to make contact with my Uncle today and he told me that his payments will come in Mid August and he can not pay me before.

The only option I have is to trust him, hopefully everything will be fine.

My stress is reduced as well.

Hope your day goes well!

[Nobster]

Don’t stress over money my friend. Health first ... after many years of worry and stress and being screwed over by people I have ended up with anxiety and if I could turn back time I would care much less.