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Bank of Mum and Dad calls in its debts 
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Legend
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http://www.telegraph.co.uk/finance/pers ... debts.html

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One in 10 grown up children gave or loaned typically £8,250 to their parents last year. It compares with the same number giving £6,500 in 2008.
The sharp increase is being blamed on the recession as parents face a tightening squeeze on their own finances.

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Fri Aug 20, 2010 8:15 am
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Doesn't have much of a life

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It's what you do, if you can.

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Fri Aug 20, 2010 10:32 pm
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Legend
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It has been next to impossible for many people to get on the property ladder without assistance from family. Though it has invariably been a sacrifice for the parents as well. With collapsing pensions they maybe realise that they were not so rich after all.

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Fri Aug 20, 2010 10:57 pm
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Err,

Are not loans always required to be paid back? By definition I mean. If paying back is not required surely it is a gift?

:?

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Sat Aug 21, 2010 9:31 am
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Legend

Joined: Sun Apr 26, 2009 12:30 pm
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ChurchCat wrote:
Err,

Are not loans always required to be paid back? By definition I mean. If paying back is not required surely it is a gift?

:?


That's it, CC, take the bastards to court! :lol: ;)

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Sat Aug 21, 2010 11:03 am
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Legend
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If it is a loan then it should be repaid, but there is 6 years rule on debts.

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Sat Aug 21, 2010 3:27 pm
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Amnesia10 wrote:
If it is a loan then it should be repaid, but there is 6 years rule on debts.

What's the six year rule?

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Sat Aug 21, 2010 3:42 pm
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Legend
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No debts can be reclaimed if there has been no contact between lender and borrower for 6 years and a day.

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Sat Aug 21, 2010 3:54 pm
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