Hello there,
I have recently joined the community in order to seek advise about some debt that my Nan has been trying to manage for over 20 years, we have watched as the Dementia has progressively taken over her memory, she recently had a fall a few weeks ago and has been in hospital, sadly she managed to break her hip which has had an impact on her quality of life, since the fall, it seems that her Dementia has progressed and she is unable to complete day to day activities.
She luckily has quite a few family members who have been doing everything they can do to support her, but with little income and money managing this debt this should be one less thing they need to worry about, I am currently looking into the exact details but I originally know this debt was from a credit card which used to be around £15,000, the debt now sits at around £5000, so she has been doing what she can to manage this, the debt is managed by a debt recovery specialist but my Nan is no longer able to make the decision to release these payments.
My Auntie has been making these payments on her behalf but my Nan now questions where the money is going, she gets very stressed and upset when the money is taken to make this payment.
The main question is, has anybody dealt with a similar situation?
As my Nan is classed as a vulnerable person who is unable to make the correct decisions, she does not have the mental capacity to longer agree to making these payments - is it fair that she continues to pay this (most of the money owed is interest from the bank).
I have only just found out about this and am looking at the steps we need to take next, any help would be appreciated.
Many Thanks,
I have recently joined the community in order to seek advise about some debt that my Nan has been trying to manage for over 20 years, we have watched as the Dementia has progressively taken over her memory, she recently had a fall a few weeks ago and has been in hospital, sadly she managed to break her hip which has had an impact on her quality of life, since the fall, it seems that her Dementia has progressed and she is unable to complete day to day activities.
She luckily has quite a few family members who have been doing everything they can do to support her, but with little income and money managing this debt this should be one less thing they need to worry about, I am currently looking into the exact details but I originally know this debt was from a credit card which used to be around £15,000, the debt now sits at around £5000, so she has been doing what she can to manage this, the debt is managed by a debt recovery specialist but my Nan is no longer able to make the decision to release these payments.
My Auntie has been making these payments on her behalf but my Nan now questions where the money is going, she gets very stressed and upset when the money is taken to make this payment.
The main question is, has anybody dealt with a similar situation?
As my Nan is classed as a vulnerable person who is unable to make the correct decisions, she does not have the mental capacity to longer agree to making these payments - is it fair that she continues to pay this (most of the money owed is interest from the bank).
I have only just found out about this and am looking at the steps we need to take next, any help would be appreciated.
Many Thanks,