+ Reply to Thread
Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 33
  1. #21
    Join Date
    Oct 2011
    Location
    Griffith NSW
    Posts
    2,237
    Thanks
    802
    Thanked
    918
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Taiyed View Post
    Best of luck - i hope it all works out and you are able to help your DPs sis. She will need all the love and support you can give
    I'm trying

  2. #22
    Join Date
    Jul 2010
    Posts
    337
    Thanks
    400
    Thanked
    149
    Reviews
    1
    Don't get too emotional right now.

    If you borrow $10,000 then that's how much WILL be spent.

    How about you just contribute and pay bills as they come up, so there will be no over spending and no money wasted on interest.

    Get on to Ronald McDonald house, ask your sister to have all bills redirected to you (or pick up her mail).

    Find out how she pays rent and take over these payments if you so choose.

    I really think getting a loan for this, is not in your personal or relationships best interest.

    Good luck and I hope all goes well for your sister

  3. The Following 3 Users Say Thank You to MsImpatient For This Useful Post:

    babyla  (31-07-2012),Jenga  (31-07-2012),Misschief  (30-07-2012)

  4. #23
    Join Date
    Dec 2009
    Location
    Launceston
    Posts
    13,466
    Thanks
    732
    Thanked
    2,355
    Reviews
    35
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by MsImpatient View Post
    Don't get too emotional right now.

    If you borrow $10,000 then that's how much WILL be spent.

    How about you just contribute and pay bills as they come up, so there will be no over spending and no money wasted on interest.

    Get on to Ronald McDonald house, ask your sister to have all bills redirected to you (or pick up her mail).

    Find out how she pays rent and take over these payments if you so choose.

    I really think getting a loan for this, is not in your personal or relationships best interest.

    Good luck and I hope all goes well for your sister
    I agree. I think helping weekly with bills and expenses is a much better option then a lump sum which will accumulate heaps of interest.

    There are LOTs of charities and hospital support groups that can help, call them FIRST. to your SIL.

  5. #24
    Join Date
    Jun 2011
    Posts
    3,431
    Thanks
    1,018
    Thanked
    2,081
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    We've been in a similar situation with a family member. I feel for your family, what an awful thing to go through.

    As PP have said, it might be easier to just pay for things rather than get a big lump sum loan and have to pay interest on it? If there are big ticket items you need to take care of that might not work, but when we had a family member who had to suddenly go interstate to take care of another family member, we just paid all the rent/food/bills and gave her extra money each week as she needed it. I'd probably be more inclined to start doing that, and in the meantime you might find some charities to help you out. Might be easier than getting a loan?

    Best of luck to you.

  6. #25
    Join Date
    Apr 2012
    Posts
    388
    Thanks
    57
    Thanked
    143
    Reviews
    0
    I agree with what others have said and contributing each week as you might struggle in the future with repayments and your homeloan.

    You sound like an amazingly selfless person, I hope everything works out for all of you! Especially your sil and your little nephew.

  7. #26
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    I agree with the others. I think it would be very helpful to help her out week to week as opposed to giving her one lump sum that she (and you) will have to repay to the bank.

    I wouldn't risk getting a house for the sake of a personal loan Even if you and your DP are approved it will still be listed on your credit file and some banks will ask you to pay everything (even small credit cards) out before approving a home loan.

  8. #27
    Join Date
    Apr 2010
    Location
    Cessnock, NSW
    Posts
    1,416
    Thanks
    96
    Thanked
    477
    Reviews
    7
    Achievements:Topaz Star - 500 posts
    I tend to agree with the others. I think taking out a 10k personal loan is an emotional reaction to a terrible situation.

    I think it would be much more wise to help out with the bills as they come up, talk to her land-lord or real estate if she rents and see if you can come up with a solution for the rent. I know landlords who have halved or even just ignored the rent in situations like this.
    I am sure if you and DP are earning enough to be able to pay a loan back as well as a mortgage when you get it then you would be able to help her out on a week to week basis. It also means that she will not feel like she has the added stress of paying you back to worry about. (because even if you tell her not to worry about it or whatever, she will)

    Don't jeopardise your chance of getting a house you love when you don't need to. Take a step back and think for a minute.

  9. #28
    Join Date
    Nov 2010
    Posts
    1,812
    Thanks
    112
    Thanked
    699
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Agree with majority - don't get a loan for a lump sum! The much wiser option is to pay her rent, pay bills, give her money for lunches / car parking, fill her car with petrol etc etc

    Any of these things are much more helpful than throwing a big lump sum at someone that you will need to pay interest on - if you can afford repayments I am assuming you can afford to help out in much more practical ways!

    There are systems set up by hospitals for these very situations - utilize these before making a knee jerk decision to get a loan for such a huge amount of money!

    She will still be entitled to all the same payments, maternity leave etc etc as if she had carried the baby to term so saying part if the reason for wanting to give lump sum is you don't want her to go to work straight away with a prem baby is an odd part of the story - was she planning on returning straight away anyways?

  10. #29
    Join Date
    Oct 2011
    Location
    Griffith NSW
    Posts
    2,237
    Thanks
    802
    Thanked
    918
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Thank you all for your advice.
    I've spent most of today on the phone and worked out -
    1) her rent for a while will be paid by us
    2) we live on the other side of the country, so when we have to go home for work we will send her vouchers for woolies/Coles etc.
    3) the hospital they are at is going to call me back with what they have such a lovely woman I spoke to
    4) haven't settled on an amount but we will be putting an, i guess you would call it, sundries amount in her account until she is back on her feet.

    She will get the baby bonus because she wasn't eligible for PPL. But I hear lots of stories of women struggling on that and I don't want her to feel pressured to find part time/casual work when she's not ready IYKWIM?

    Thank you all for your opinions.
    This is the only way I feel like I can help.

  11. The Following 2 Users Say Thank You to SeymourTheBear For This Useful Post:

    MsImpatient  (31-07-2012),Witwicky  (31-07-2012)

  12. #30
    Join Date
    Oct 2011
    Location
    Griffith NSW
    Posts
    2,237
    Thanks
    802
    Thanked
    918
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Oh and electricity, gas etc will be dealt with as they come up obviously I won't pay for everything, but like I said, she doesn't need to be stressing.
    I know she would do the same for us and she'll pay us back when she is able.


 

Similar Threads

  1. Home loan finance advice
    By 2BlueBirds in forum Family Finances
    Replies: 8
    Last Post: 22-10-2012, 06:35
  2. Should I get a personal loan??
    By jellybub in forum Family Finances
    Replies: 11
    Last Post: 10-10-2012, 10:07
  3. Car loan - on centrelink benifits?
    By LivinOnAPrayer in forum General Chat
    Replies: 3
    Last Post: 05-06-2012, 13:29

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Riverton Leisureplex
An Extreme Family Pass at Riverton Leisureplex is the ultimate way to cool off during the summer school holidays. The $30 Pass allows pool and waterslide access for 2 adults and 2 children, as well as a drink, popcorn and an icy pole for each person.
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
Sudocrem / Infacol
Sudocrem® Healing Cream is a soothing emollient cream which aids and assists in the management of nappy rash, eczema, abrasions, wounds and minor skin irritations. Infacol Wind Drops are an effective method of treating wind in infants.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!