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Dear LFTP July 18, 2011 · 1:44:07 · 8 min

Dear LFTP: the unpaid family loans

  • I loaned two family members $1,000 each while overseas; two years later neither has repaid and they post shopping and gym visits on Facebook. How do I get this settled?

A listener loaned two family members $1,000 each while overseas; two years later, neither has repaid, though both post shopping and gym visits on Facebook. The hosts' consensus: get a contract up front or treat it as a gift and let it go — never lend money you need back.

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