anyone with experience can share your thoughts?

considering to borrow 5-figure amount from my mother-in-law to get out from a difficult situation. she is already retired and she can afford the amount. so far my relationship with her considered positive. but it will be a secret to my wife because she is a key person in this situation i'm facing and if I don't settle it, she will be very, very upset and just want to settle this issue without upseting her, better for her to not know. but this issue has nothing to do with crime or infidelity. it's just money issue.

as for repayment, i'm quite confident to be able to repay my mother-in-law fully within 3 years, even if not, will repay as long as i can until complete. she's in her 60's.

edit: loan agents no need to pm me because i don't want to pay interest. thanks.

This post has been edited by gangeun: Oct 20 2020, 10:38 AM

I read your topic and I don't know what do you want.

Do not hide from her. If she is the reason, better keep her in picture. Do you have anything to lose from her knowing it? But you definitely have plenty of explanation to do if she knows you took from her mom.
Don't strain relationship with your MIL.

borrow money from mother-in-law. still not sure to borrow or not.

her mom can keep secret, because she knows how her daughter will respond to my situation.
if i borrow, i only need to repay her mom. but if my wife knows about the current situation, she might upset till consider leaving me. i have been thinking about all the scenario for a few nights already, and she leaving me is the worst scenario.

tell ur wife
borrow from MIL

Hard to advice without context, also don’t take your MIL for granted. She’s not your money tree, at least offer to pay back with interest

tell my wife even if it's the worst possible scenario?

If your wife is the cause of your getting into debt, you NEED to tell her. Because, what's there to stop her from doing it again?!

how much? 10%?

no it's not getting into debt, but lost our money in trading due to my own fault.

Better to be honest with your wife.

If later she finds out the situation, more worst as you didn't tell her

Aiyo. Shit. This one sure kena belasah one.

Sorry bro... this one I really don't have any helpful advise... BUT, be warned: your mother in law is your wife's MOTHER. Blood is still thicker than water. She might go and spill the beans on you... and then, fcuk me dead, shit will REALLY hit the fan.

ok... guess i have no other choice but just face her then...
i envy you jack2 you profit a lot from crypto. actually the money i lost is in trading crypto futures.

jst face ur wife and tell the truth of losing money in trading .... if u borrow frm MIL and she finds out i think is even worse

Offer to pay back with interest, and it’s up to her goodwill if she want to let you borrow without interest.

Anyway why don’t want to borrow from your own family instead of MIL?

my family is broke

How sure are you your MIL is willing to lend you that money?

Better discuss with your wife first before going through your MIL, you do not want the relationship to turn sour because of money.

about 70% sure.

but if actually talk to my wife, then i don't even need the money, because my wife will determine i live or die.

Every man wants to be a provider to and for his family. Your foray into crypto can be seen as an attempt to secure an alternate source/stream of income to help improve the family's financial standing. As with any thing else, there's always an element of risk. If you explain your rationale to your wife and speak to her honestly and humbly, I don't see any reason why she would blow up at you.

It's different if you played the market to make money to fund your mistress... that one, lain cerita. That one, dewa pun tarak pakai to save you from her wrath.

MIL will be the last person in my list to borrow money from, moreover she is already in her 60's who knows ur MIL will be in financial difficulties also in near future, unless u are 100% sure she has the financial capabilities and that 5 figures is just a tiny portion of her assets