Sister Demands $40,000 Loan, Gets a Shocking Surprise

Imagine this: you’ve worked hard, inherited some money, and are on track to retire early. Sounds like a dream, right? But what happens when your family starts asking for loans, and not just a couple hundred dollars, but a whopping $40,000! That’s the situation our protagonist finds herself in, and her solution? A legally binding contract. But her family isn’t too happy about it…

The Money Situation

Family’s Financial Requests

Pandemic Problems

The Big Ask

A Whopping $40,000 Loan?!

Playing Dumb ‍♀️

Checking Finances

The Contract Solution

Family’s Furious Reaction

Clarifications

Past Money Issues

The Contract Details

Contract Chaos: A Family Feud Over Finances

So there you have it: a woman trying to protect her hard-earned money, a sister in desperate need, and a family that’s furious over a legally binding contract. But is our protagonist really in the wrong for wanting some assurance that she’ll get her money back? Or should family loyalty trump financial caution? Let’s dive into the internet’s reactions to this financial fiasco…

Don’t lend money you can’t afford to lose, even with a contract.

Think twice before loaning money to family, it might backfire

NTA for refusing sister’s unreasonable loan request. Family drama ensues

NTA, sister needs to downsize. Smart move getting it in writing

Refusing a family member’s $40,000 loan request. NTA.

Don’t let emotional blackmail get the best of you

Don’t lend the money, make up a story. NTA

Sibling asks for $40k loan, refuses to sign contract. NTA.

Don’t let family guilt you into giving a $40k gift

Sibling asks for $40k to pay off debts, commenters say NTA

Sister demands $40k loan from widow, gets a reality check

NTA. Questioned the loan purpose, suggested an itemized report.

Protect your savings and make it legal!

Commenter claims OP’s financial goals are unrealistic, receives mixed responses.

To lend or not to lend? Lose-lose situation. NTA.

Family guilt trip over $40k loan, NTA.

Private or federal? The pandemic’s impact on student loans explained.

Don’t be a loan ranger! $40k is a big ask

Sibling asks for $40k loan, commenter advises to require signature.

Dealing with debt during COVID-19? Here are some options

Don’t give in to entitled demands, unemployment is an option

Sibling asks for $40k loan, commenter advises against it.

Protect your money! Notarize the loan or don’t do it

Setting boundaries and using strong language to protect finances.

Don’t be an ATM for family. Rescind the offer

Don’t lend $40k to your sister, it’s not your responsibility ❌

OP clarifies financial situation, sister unlikely to receive parental support.

When family asks for money but you remember their true colors

Protect your finances and relationships with clear contracts

Protecting yourself is important. Tough situation, hope it works out

User advises against loaning money to family, suggests contract if needed.

Loan drama: Stick to your guns and protect your investment

Politely refusing a sister’s unreasonable loan request.

NTA suggests downsizing and budgeting instead of loaning $40k.

Contract can’t guarantee honesty

Don’t let them use you as a bank. You’re always broke.

Money can ruin relationships. NTA for being cautious

Don’t let your sister’s financial burden become yours

NTA calls out sister’s BS and advises against loaning money

Don’t be a victim of financial abuse. NTA.

Don’t be a victim of family pressure. NTA

Think twice before loaning money to family.

Don’t be a bank. If you can’t afford to lose it, don’t lend it.

Consider putting a lien on their house for the loan

Protect your finances and don’t fall for family guilt-trips

Sister demands $40k loan for lavish lifestyle, commenter says no way

Don’t lend money to family without a clear repayment plan

Don’t let family pressure you into a 40k loan

When family asks for loans, tread carefully

Family of users? NTA, don’t loan the money

Protect your finances! Make sure to have a legal contract.

Smart decision! Don’t let family take advantage of you