The Tim wrote:
Thanks for the responses, but I fear I may not have been clear enough.
I'm not interested in ways to give him a loan. What I'd like advice on is alternative ideas for ways we could somehow help, but not by just giving him money, which would reinforce his already poor spending and (lack of) saving habits.
Perhaps a loan through Prosper could
teach good spending and savings habits. Maybe he doesn't need to borrow 10K but maybe he does need to borrow some amount of money to get through this rough patch. There could be several reasons you don't want to loan him money some of which could be eliminated or mitigated by going through a peer to peer lending site. For example, you do not need to loan the full amount. You have inspired me to write this blog post:Loan money to family and friends through Prosper
Whatever you decide to do, good luck to you and your brother-in-law!