This person acts if she can't remember the loan, this money is really needed at this point.
2007-01-04 01:21:20 · 7 answers · asked by marblehiller 1 in Business & Finance ➔ Credit
Ask to borrow the amount of money due from the loan, explaining that you have come upon hard times. When your loan comes due, forget you borrowed the money.
2007-01-04 01:26:00 · answer #1 · answered by Tater 3 · 0⤊ 0⤋
There are two problems here: (1) the person may not genuinely remember with it being so long ago; and (2) if you don't have it in writing, there is little you can do. Even if you can prove this person owes you the money, how do you get it? They can simply say they don't have it. Also, a court will throw out any lawsuit over a 7 year old debt, especially if there is no written agreement.
2007-01-04 02:58:46 · answer #2 · answered by Kevin K 3 · 0⤊ 0⤋
Seriously, you should show her the documentation and remind her what she needed the loan for. Let her know that you loaned her money in good faith and try to appeal to her good nature.
You should advise that you are now in a difficult situation, and you would appreciate anything that she can pay on a monthly basis.
Otherwise, the contract is likely beyond that statute of limitations in your state, and you have no real recourse for legal action. The only likely way that you will get any money is to be extremely nice to her and see what she can provide. If you get anything back, consider it a blessing.
2007-01-04 01:39:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In a courting, purely approximately each and every thing is seen a present (and, in case you have been living jointly on the time, it might desire to be shown which you're in charge for 0.5 the debt). the sole exception to that's written contracts. you may take him to courtroom, yet with no timeline for charge, all you're able to do is enforce that charge could be made by using courtroom order, watch for that to run out, then take him back to courtroom for the quantity. an somewhat long (and appearantly risky) subject. If the call is unquestionably on your call, you may document it stolen and have him picked up using it. From there, right now sell the bike, get better what you may, and make contact with it an afternoon. A restraining order would not be a undesirable concept the two, you additionally can document one on the same time you document the bike stolen, making it unlawful for him to even attitude you, so which you do not would desire to watch for him to get violent...
2016-12-12 03:31:19 · answer #4 · answered by declue 4 · 0⤊ 0⤋
Send a bill, including the date the loan originated. Heck, add interest since it's been so long!
2007-01-04 01:30:27 · answer #5 · answered by Meg M 5 · 0⤊ 0⤋
very good answers in here, you have the SOL working against you, meaning that you cannot sue. I have a suggestion for you with this...
write a new contract stating the balance, and work out a very small payment plan--this resets the SOL on this, then if she misses one payment move into a lawsuit.
settle for less, that way you will get something in return and this dead beat will move on with her life.
2007-01-04 03:20:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you do not have anything in writting then legally there is not much you can do about it. I hope you learned a lesson about lending anyone money.
2007-01-07 17:12:54 · answer #7 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋