Financially irresponsible son borrows $50.000 dollars from parents, refuses to pay them back, and spends money on vacations and expensive cars: 'He accuses us of being greedy'

A loan is a loan, not a gift. That applies to the bank and our families alike. That is something many people don't understand, especially when the loan comes from a parent. They think that just because it's their parents lending them money, they can get away with giving nothing back. Parents are supposed to take care of their children; that's true, but not when they are already adults who are supposed to be financially responsible for themselves. In this case, the parents lent their son $50.000 dollars to buy a house. He was supposed to give back the money over the course of 10 years, so it wouldn't be a burden. The parents did that with their other daughters, and it worked wonderfully, but not with him. Apparently, he's a very financially irresponsible man. He has credit card debts and other loans with the bank, and yet he spends his money on expensive vacations, buying a new pickup truck, and eating out constantly. He refuses to pay back his parents, accusing them of being greedy and trying to destroy his family. The parents regret lending him money, and their other daughters are furious at them for doing it, especially because they made sure to pay their debts.Here, they have a…

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