Advice request re: friend not paying back borrowed money?

Question

hi

i lent him a large amount of money and since we fell out he has not paid anything back despite earning good money.

any pointers please?

thanks in advance...

Answer 1

:I would suggest that you send him a gentle reminder in the the mail.

Also, I don't know if men handle things this way, but, if it was one of my girlfriends, then I would let them know that I miss her friendship... and that I'm sorry that "there is this issue" between us now. And that I would HOPE that she wouldn't let that get in the way of her responsibility to pay me back the money that I lent her in good faith, to help her when she needed it most, and maybe that one day we would be able to move past "everything"...

I will say a prayer for you though.
God bless you.

Answer 2

Since you are no longer friends, you have nothing to loose.
Start by sending him a certified letter, stating the fact that he borrowed money on whatever date, you were there when he needed a friend, now you need that said money returned by : give a date, if he fails to respond send another letter. If by that time you've heard nothing, see a lawyer and take him to small claims court, have your lawyer draft a letter.. make sure you keep a record of all corospondence. You'll get your money eventually.

Answer 3

First: Never lend money to friends. If this teaches you anything, I hope it's that.

If you have something in writing regarding the money he owes you, consider taking him to small claims court. You can represent yourself and chances are he won't show for the court date and at least then, you'd have a judgement against him.

Something to think about though is if you had a falling out, maybe it's worth the amount of money you lent him to not ever deal with him again?

Answer 4

Did you speak to him about the money? Wherther or not you fell out is not the issue. The issue is that he borrowed the money and it has to be paid back. Call a baliff for him or threaten him with something. He eeds to payback somethi evrey month until it is paid off if he cnnot pay back the whole thing one time.

Get him in court It is YOUR money.

Answer 5

Sounds like a con, seriously. Over the years, I've taken out loans for cars, but never, not once, been asked to give money out. My advice to you: walk away right now, without giving any details. Can you specify which organisation is offering this loan?

Answer 6

I have a rule.

Never let money and women come between friends. If all you have is a verbal agreement to repay the loan then you are hard pressed to leverage him to repay it. If the amount is large enough you could take him to civil court, but again, its only a verbal agreement. How will you prove that you loaned the money and that the debt is withstanding? Maybe its easier to cut your losses and chalk it up to experience.

Answer 7

Never lend money you want back.I mean this.If someone close to you ask for money and you want to give it,they may say they will pay you back,but never loan money you need back.When I give money,if I get it back I am happy,if I don't.I just say charity begins at home and at least that person won't ask again.

Answer 8

I'm having the exact same problem with an ex friend of mine. She refuses to pay her phone bill since we fell out. You can take your friend to court or just take it as a lost. Remember what comes around goes around.

Answer 9

Pay the 70 dollars and take him to civil court for your money back!

Answer 10

You are not going to like this advise because it is too late but.....

Never loan money unless you can afford and expect not to get it back.