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How to tell my parents to pay their part of the loan back?

well story goes like this…im from phils. and I came here in bahrain to work…before I came here of cors I needed money so somebody lend us money…about 40000 pesos(750usd) with 7% interest monthly…what I did is I sent money everymonth(6000pesos(120usd)…so by now im already paid since its been 1yr…now the person who lend us money told me that my mom is not paying…ending is il pay agen 40000pesos(750usd)+1yr interest..now how to tell my family that ok il pay the principal 4000pesos but at least have some consideration to help me pay the interest, since its pretty awkward to tell since they are my parents…my mom and father is working I dont know what happend to all the money…pls help…tnx!!

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Answer #1

Usually people that borrow money cannot be 100% trustable… They could use the fact that your parents were given them the money so they could have this reason… The police doesnt let them do that because its a illegal act.
You should call your familly and ask them about that … its your familly and your parents wont lie to you in a situation like this.

Answer #2

in our country its ok, its legal its called lending firms…I knew that person have given them money…so what I did is pay…but its really feels bad that they lied to me…they did since they told me its already paid after a yr. then now that lending firm who lend them money called me and told nothing was paid…I asked my parents bout that and they told yes, they are not aBLE to pay it…im really feeling bad bout my parents..now I want to tell them they should now help me paying this…

Answer #3

If your parents aren’t ABLE to pay the lend, how will they be able to pay you? Only the IRS can squeeze blood from a turnip.

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