My family is mostly Criminals and Jailbirds. I suspect yours is not. I took my cousins to court and sued the fuck out of them. I won. They will be paying me off per the court order for the next 22 years. I also evicted them from the house they squatted in for 4 years. I took possession of all the assets they bought with my loaned money and sold them at auction. They don't have a pot to piss in. No cars to get to work. No support on my part for their children's educations. No Jobs because I closed down their dépanneur and sold it. I sold my cousin Phils Harley and gave it to his enemy for $100, a chunk of Hashish and a case of Kokanee. As soon as I sell his truck, trailer, and 4 wheeler. I will be done with him. I let him keep his boat. He will just have to find another place to keep it now.this is something i find very odd. always heard that, but its very far from my experience.
i have been on both ends of 5-digit family loans (sibblings/mom/dad); and never had an issue. my whole family would probably disown any of us if we tried to stiff each other out of money.
there is a tacit understanding that loans are not for risky businesses or regular expenses.
if you need a loan for a regular expense, you dont need a loan, you need a bailout/gift.