What a Dilema
 

What a dilema...

A couple of years ago a relative of my wifes borrowed money from another relative. One lived in Spain and the other in the UK.
The one in the UK needed to borrow 2k pounds, the money was sent from Spain directly into her bank account. (nearly 3 thousand euros)

Now the borrower wants to pay the money back and has given 2k back, as it was the original amount borrowed.

It has been changed back into euros, and of course the amount is short.

This has caused no end of problems within the extended family, we are trying to stay out of the row.

It is a dilema though, I know what I think (that the lender should not lose out money wise through doing a favour) but I am just interested to know if anyone has heard of a similar case, due to the low exchange rate and what the outcome was.
Our lot are just going round in circles.

Re: What a Dilema
 

Who changed the 2000 pounds into euros? And why?

Re: What a Dilema
 

The 2000 pounds was sent back to Spain by the person who borrowed the money to pay back the loan of 2000 pounds.......

Re: What a Dilema
 

Surely the person should return the amount they borrowed which was 3000€`s

Re: What a Dilema
 

Exactly :thumbsup:

Re: What a Dilema
 

Morally, we all know how it should work. Legally, there isn't a leg to stand on. You can always guarantee money will cause family issues

Re: What a Dilema
 

I bet they would of settled for paying 3000€`s if the exchange rate had swung the other way. :D

Re: What a Dilema
 

bet yer life on it

Re: What a Dilema
 

Thats an odd one.

My position would be if the person wanted to borrow £2,000 and received £2,000, then they repay £2,000.

It wasn`t there fault the Euro was high and since dropped.

It should have been disscussed before.

One option though would have been to pay the money back but into a savings account and wait for the exchange rate to return.:rolleyes:

Re: What a Dilema
 

It seems unfair to me that the person who did the favour ends up out of pocket, and the problem about waiting for the rate to go up is that the money is needed now.

Re: What a Dilema
 

I've been thinking about this. The borrower didn't borrow 3000 euros; she borrowed £2,000.

Re: What a Dilema
 

And I've thought about it again, and I'd be pissed off whatever side of the fence I was on! :lol:

Re: What a Dilema
 

£2000 was borrowed, £2000 paid back...

Re: What a Dilema
 

Me too, it is one of thoses things, good intentions turning out bad, neither person is in the wrong but..........circumstance have dealt them both a bad deal.
We are lucky that we are not in the thick of it, as the whole family is at war over this, and both sides have a point.
:(:(

Re: What a Dilema
 

This is where the problem is.....the borrower "apparently· asked for "enough euros to make 2k, which was over 2800euros, so as far as the borrower is concened that is what should be paid back.