What's the best thing to do to a relative who lends you money but puts 5% interest every month? :(

I just found out that what my dad has been paying wasn't the money he borrowed but just the interest. Since it's too big he couldn't afford to pay the money he borrowed :( he is sending us, his four children, to school :'( I really pitty my dad :'( someone help me. :'(

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Classified · M

5% every month? That's 60% a year if we don't count compound interest. That's insane.

amandra · 26-30, F

@Classified I know :'( I wish I was just a lawyer. :( but I'm in no position yet. My dad has been paying the interest for 4 or 3 years now. Before he's paying 402 dollars every month for just the interest. Good thing my dad was able to pay half of his debt and now he's only paying for 200 dollars a month :( but still it's too much. My dad is sending 2 of us, including me, to college. And my other two siblings are in highschool :'( they couldn't understand that :'(

Classified · M

@amandra Glad he could off a part. And seriously ransacking a family member for 8040 dollars?
Unfortunately I don't know too much about it either. Is there some free consult you could consider?

LaCrazyCucumber · 46-50, M

@amandra That is just so wrong and immoral. :/

amandra · 26-30, F

@LaCrazyCucumber I know. To think they are even our relatives.. :(