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Worried about amount of debt father seems to have....

  • 16-06-2009 10:12pm
    #1
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,012 ✭✭✭✭


    As the title says I'm incredibly worried about the huge debt my father somehow seems to have accrued.

    He is away at present so I have been opening bills that arrive to the house. One arrived today basically demanding €500 that is well overdue at this stage. Now I know that many people are probably going to tell me that what I did next is wrong but I went for a bit of a root around as I have had my suspicions for months now that there is something up with him financially. The recent cuts have hit him hard but this has been going on since long before that.

    Anyway when I had a decent look around I realised that he has borrowings in the region of €45,000 to €60,000 on top of the mortgage. Never mind the money he owes on various bills and to family members (me included). And I know for a fact my mother doesn't have a clue about any of this.

    I suppose I am really looking for advice about how to approach this matter? I truly feel I can't let it go because I am genuinely worried about the situation the family would find itself in if something were to happen to him or even his job. My mother would be devastated if she found out and yet I don't feel it's right that she doesn't know what her husband has gotten her into. Her name is not on any of the loans, credit cards etc but it is still going to affect her.

    I actually feel physically ill at the moment.


Comments

  • #2
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,012 ✭✭✭✭LegacyUser


    It's happening all over. And what is more you are right to be worried, plenty of good men and women are finding it hard to cope with increased financial pressures.

    To be honest, if I was you, i'd get him on his own, sit him down and approach the subject. Don't let on you know everything, but just ask if things are ok etc, that way you will find out what he is willing to admit to. In my experience you will usually find that they will come out with it eventually and it will probably be a relief to him.

    Whatever you do, don't discuss it with other family members before you do so with him.


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