Bank of Gran and Grandad tired of dishing out cash

We have adult grandchildren and are happy to help them if they need a loan to see them through for whatever reason.

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But despite working and having a partner in a well-paid role, one grandchild always seem to be running out of funds and is constantly asking for cash with repayment plans they have devised. We are talking loans of several hundreds of pounds each time.

On a couple of occasions, it’s been more.

This grandchild often misses their repayments, but comes up with what appears a viable excuse as to why they can't pay that month, although, they do spend money on other things such as holidays.

This means the outstanding amounts build up and we find it embarrassing to have to keep asking for them to be paid - a situation that is beginning to affect our health.