Loan sibling money: How to get "paid" back? When you don't need to be paid back.

Quote from Samwise Gamgee : I think like may others they got caught up in the housing bubble. They both have jobs. They haven't been laid off. It's just that they couldn't keep up with the mortgage, along with everything else; and raising kids. They bought more house then they could actually afford. It's hard to think of my sibling as being financially unresponsible because of that. Grant it, they shouldn't have been entered in that position to begin with. But, hindsight is 20/20 and you can't turn back the clock of time. Yeah, I think interest may have to be included, only as repayment incentive. I'd hate to do it. But I don't know how else to enforce the repayment schedule.

The problem with many is they are buying more house or car then they can truely afford on True wages (after taxes, and taken into account work expenses, commute times, and the 50% energy levels after a hard day of earning money).

Even if it's family (different if your own kids), I would take on some interest for incentive to repay the loan.

They are borrowing your Life's TIME spent earning that $$$$!!!!!!!!!!!!!

The are raising their kids on your Life, not their own, because of their fiscal irresponsibility.

As they drink beer, go out to restaurants, and smoke overpriced cigs. (I apologize if they don't, but most do) with your Life's limited Time.

Money = TIME.

They should rather take a sword to their stomachs and say live for me, then steal or borrow and not pay back Life from you.

This is the truth also when church goers borrow money from their churchs and run away, stealing TIME and life from all the other church goers.

Why do you think Shark Loaners kill their defaulies? It's has serious consequences when you borrrow and don't repay.

U.S. Federally you get thrown into jail if you can't repay (which is foolish because then you can't earn money to repay the reason why you are in jail.)

In norway, these types of criminals work daily until they can repay their loan, and go to jail between jobs.

In my opinion give them two options. 1.) Consider this a gift from us and if you want to pay it back that's fine. Also consider this the LAST gift.
2.) This is a loan and you need to make small payments, but with interest.
I can tell you without a doubt that if you give it as a gift(not expecting repayment) they will be back for more. I think the choice they take will give you an indication of what to expect in the future.

Give them the money and don't expect repayment.
If you cant go this route or have reservations then you are not financially secure enough to be giving money to family.
For the people considering loan terms, I wouldn't even do this to a friend let alone family. Some of these comments make me see how astray our society has gone when you need to place such exacting terms regarding money.
Hell, if they came to your home do you also charge them for using your electricity, water, and food.
Seems like some here would do this with the above suggestions.

Next it will be co-signing for a car. Nip this in the bud.