Preventing mentally unstable person from taking instant loans
1 year ago
Hi,
My brother is suffering from mental illnesses and recently got burned by gambling away a lot of money in online platforms, and on top of that took a lot of loans from instant loan apps and credit card debts. My family is under lot of stress emotionally and financially. We have no means to pay off the debts. Brother recently lost his job and given his conditions he doesn’t seem to get another job as well. He is going through psychiatric treatment. If family somehow manage to pay off all the debts to avoid loan recovery harassment. We are afraid brother might take loans again in the future using same channels, given how stupidly easy it has become to take loans these days.
He basically maxed out all his credit cards, applied for new credit cards and took loan from them as well. Used probably every “Instant Loan App” and “Buy Now Pay Later” kind of systems.
Kindly suggest what are our options to get out of this situation and protection from future mis-happenings.
Cutting off his access to phone or the Internet doesn’t seem feasible for us and attempting to do so would cause more issues.
I would suggest you to take him to a good psychiatrist so that they can help them or you can just talk to him and make him understand that what he is doing is wrong and creating a problem for you guys.