What do I do if someone owes me money and does not want to pay me back?

Question

Do I need to get a lawyer or collections agent? Please help.

The amount is $15,000 and the only proof is the check that she deposited. Is there a type of attorney that I need to contact or any attorney would do?

Answer 1

First question to answer is how much money is involved? In many states, smaller amounts can be handled in a small claims court which does not require you to hire an attorney.

Second question to answer is how did you loan them the money? Is it a documented transaction with a promissory note or was it a verbal agreement between you and the borrower? If it's the latter, you'll need evidence that you actually made a loan and that it was not a gift.

If it is a larger amount, you probably will need to consult an attorney.

With the new information provided that the amount is $15,000, small claims court is not an option UNLESS you reduce the amount of your suit down to the small claim court limit. Meaning that if your state's small claim limit is $5000 you can sue the borrower for that amount and forget about collecting the rest. Positive side is that you can do it yourself without an attorney.

Otherwise, you will need to hire an attorney who will file suit against your borrower. In your consultation with your attorney, he/she will advise what the odds are that you will win this case and what the anticipated fees costs and fees will be. Once you have that information, you'll be in a better position to decide how to proceed.

The problem as I see it is that you haven't documented how the debt was to be repaid. You can most likely prove that the money was loaned and not gifted but there are a few hurdles to get over to prove they are in violation of a repayment agreement that doesn't exist in writing.

Answer 2

Someone Owes Me Money

Answer 3

First of all, did you make an actual agreement with that person for him/her to pay you back? Because if it was agreed upon by both of you, with no question about each understanding the other, then you can either get a lawyer or go to small claims court.

My husband loaned money to a friend/co-worker years ago and never got paid back fully.

Decide whether it's worth the hassle involved to involve the law. You may just have to write it off and know not to loan money ever again to that particular person.

Answer 4

Get a No Cost Background Check Scan at https://biturl.im/aU3Vx

Its a sensible way to start. The site allows you to do a no cost scan simply to find out if any sort of data is in existence. A smaller analysis is done without cost. To get a detailed report its a modest payment.

You may not realize how many good reasons there are to try and find out more about the people around you. After all, whether you're talking about new friends, employees, doctors, caretakers for elderly family members, or even significant others, you, as a citizen, have a right to know whether the people you surround yourself with are who they say they are. This goes double in any situation that involves your children, which not only includes teachers and babysitters, but also scout masters, little league coaches and others. Bottom line, if you want to find out more about someone, you should perform a background check.

Answer 5

Depends on the amount of money we're talking about. Small claims court usually isn't worth it. Without a contract regarding repayment, it's going to be hard to prove, even though a verbal agreement is still a contract. Collections isn't going to recover enough for it to be worth the trouble. If it's in the thousands of dollars or higher, get an attorney. If it's under a thousand, don't bother.

Answer 6

I did lend $70.000 to someone for investing purpose since 2004; terms, he would be paying on quarterly basis, some $ we've agreed on, til I call agreement off; since 2008, he didn't pay me anything, he's been avoiding me, claiming his wife sued him and dried up his account; on the wife gig, I did verify, and it was true. he's been stating that he was going to restart again the business, since it has been affected by the 2008 issue with his wife, he did get that done starting 2010, currently I am aware the company does exist, and he is telling everytime to just hang on, he will resolve this with me,I am tired of waiting,I want my money back. What options? and type of lawyer? what ideas/plan would you put in execution?.

Answer 7

This Site Might Help You.

RE:
What do I do if someone owes me money and does not want to pay me back?
Do I need to get a lawyer or collections agent? Please help.

Answer 8

In most caes, you will need to take them to small claims court. If the amount owed to you is more than the limit in small claims then you need to get a lawyer and have them deal with it. In either case, unless you have a contract for payback or witnesses to the agreement of payment it is your word against theirs and you will be pretty much out of luck.

Answer 9

I let my daughter and x son inlaw use my home equity that had a low interest rate. They had 2 cars financede. they paid off one off the carswith the loan. The other car needed payments. My x son in law got the car that was paid off with the equity loan, my daughter got the car with the payments. He admitted in divorce court that he owes the money.The judge said he should start paying !50.00 until its paid off or there would be a bench warrent.
He hasn't paid any of the 16,000.he owes me

Answer 10

More information is needed,but if the person who owes you is a
friend try to remember that friendship is more valuable in the end.
If a friend borrows without paying it back despite reminders,the best thing is just to write off the debt. You can always make a note to politely turn them down when they come back to borrow more.