Loaned money to a family member. Could do with some advice.

To be honest, when it comes to loaning family and friends money you're lucky to be getting the principal back at all.

If it were sitting in a bank account, you'd be looking at missing out on 0.1% interest. Forget about inflation - that's the missed return.

If you did not have any legal arrangement or similar re the loan, TBH I'd be very glad to be getting it back at all! I thought you were going to say he was dithering and paying you in dribs and drabs and he might never repay you the entire sum.

Get the money back first. Then if you feel like it you could say something to him, but make sure the money is in your fist before doing anything. I can see where your irritation is coming from, but it's probably not worth it in the long run to push the issue now. Are you prepared to fall out over this? If you don't mind, go ahead (after getting the money back though).

Asking for interest in line with inflation after the fact is pretty outrageous tbh. Put yourself in their position, why would they agree to that now?

Just get your 50 back

He also could have invested in shares that bombed. Opportunity cost doesn't come in to it when you make a condition free, non specific loan to a family member.

You are very very fortunate to be getting your money back. Many never receive a cent back.

Or...loan money to family or friends but don't expect to always get repaid.

If it were me, I'd be happy to just get it back. And I'd wait until the money was in my account before bringing up interest for the remainder. I wouldn't expect to be receiving any though.

I can’t believe you’re not getting stick for wanting interest on the 50k

He’s obviously had to grind to get back on his feet and is paying it all back

That’s a fair deal as far as families go. You did a very nice deed helping him out and he’s been decent enough to not ‘forget’ about the loan

If you start mentioning interest you sound less like family and more like a loan shark

I’d go as far as saying it’s kinda scummy that you’re even thinking about it, to be blunt

this post reeks of false modesty. you gave the loan as a favour to someone in need, as is the altruistic thing to do - Kudos!!!!

you saw this person struggling and stepped in and potentially saved his life. He is since in an excellent position, and in a short period, has been able to return significant chunks of hte capital. Now, you are jealous or resentful that he or they have been able to repay, withoud duly bowing to their overlord. Keep it in the spirit it was given. dont succumb to jealousy or otherwise because the person is now doing well for themselves. I dont for a second believe that this relationship is worth a crumb to you, #"I care a lot more about my relationships that i do about money" - if this were true you wouldnt be creating a post online slating your family for a perceived good deal. Similarly, you wouldn't resent their good fortunes since. oo late, too late will be the cry when the man with the bargains has passed you by - The terms we A, you shouldnt look to make them B, because of jealousy or otherwise.

they may as a gesture of goodwill offer over and above what was agreed, but you will most likely decline this offer due to your good nature and the value you place on relationships.

PS, who the fudge has 50k spare to lend to people. id wager most the pople commenting, myself included have never had the smell of 50k, Count your lucky blessings before they hatch :)