My friend told me he is in a desperate situation and need money fast. I lent him $900 with verbal agreement that he'll return it in one month. After 1 month, he said he needs more time. After 3 months, he said he doesn't have money and he'll return it as soon as he makes some. Now it's been slightly more than a year and he say he doesn't have money and can't give it back to me. He says he'll give it to me when he makes money. I am worried. What do I do? Just keep waiting?
2007-02-04 03:58:36 · 19 answers · asked by ocean 3 in Family & Relationships ➔ Friends
This is all you have to do.
http://www.youtube.com/watch?v=h1QTlUq3ClU
Go to this address. Watch the video made for just this type of situation. It should solve everything.
2007-02-04 04:09:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Friends and money never mix. I am in a slightly similar situation with my best friend, who has been making very little payments every few months on a few hundred bucks that was lent to her 3 years ago.
If you are the friend who borrowed money, one might feel no pressure to make good on the debt because of the relationship with the loaner.
You need to let your friend know that it's time to pay back NOW. Even if you are not in an immediate rush for the money, tell your friend you still need it as soon as possible. Argue that you were there for him when he needed it most. Allow your friend to make payments.
If this situation is not resolved your friendship might suffer, and nobody wants that.
2007-02-04 04:05:09 · answer #2 · answered by Kimberly H 3 · 0⤊ 0⤋
Lending money to family and friends are tricky. The advice I've always been given if you don't plan to see it back, then yes, lend it out. Sadly, a couple time I have lent it, or they bought something and agreed to pay me later, I have in fact lost out. It is really up to you how you want to handle it. I know my friends, and I know that the intent wasn't to steal/pull one over on me, and it was small enough amounts where I let it go.
You can pursue it, either by making payment arrangements so you get some of it back, or you can take it to small claims court. I'd suggest a sit down talk with him first though. Going through a small claims or legal process will certainly end the friendship.
2007-02-04 04:05:06 · answer #3 · answered by HG 4 · 0⤊ 0⤋
I had a very good friend who borrowed $200 from me a year and a half ago, and I haven't heard from him since. I hate to say this but some people don't intend on paying you back I URGE YOU, $900 is not a small sum of money. I would bug the hell out of him night and day to get it back, Legally, a verbal agreement means almost nothing. GET YOUR MONEY BACK, don't wait one more second. If he can't pay it all ask for half, or set up a payment plan with him.
2007-02-04 04:04:54 · answer #4 · answered by Jennaba9048 1 · 0⤊ 0⤋
It depends on how much this friendship is worth to you. You can guess how much it is worth to your friend given the way he is treating you... If you are willing to sacrafice the friendship, pursue the money, ask him to sell some possessions or take out a loan from a professional loan service. If the money is actually not as big of a deal as you are making it, then let by-gones be by-gones and say goodbye to the $900.
2007-02-04 04:04:30 · answer #5 · answered by chickbeepink 2 · 1⤊ 0⤋
*sigh* You're not a bank, dude. You should consider any money "loaned" to a friend to be a gift. If you get paid back, be happy, but don't expect it. Loaning money to friends/family is such a bad idea. You should only lend money to someone who you won't mind breaking his legs. So kiss the cash goodbye and be thankful if he eventually pays you back. But there's no longer any point in discussing it with him.
2007-02-04 04:05:17 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Why are you online asking for advice? Go to a lawyer office or the court house and file the paper work to take his decieved behind to court.
Get your money back, and another thing : Stop calling this person your friend. Friends don't steal from friend.
2007-02-04 04:02:58 · answer #7 · answered by Lana817 3 · 0⤊ 1⤋
My wife and I borrow people money but never expect to get it back. If you don't want to lose it, get it in writing or don't borrow it. Money is the #1 reason people lose friends. We borrow money we can afford to lose to friends who have a specific need. If we get it back-cool-If we don't, we saw it coming.
2007-02-04 04:05:52 · answer #8 · answered by John A 2 · 0⤊ 0⤋
Chalk this one up to experiene and consider the money he owes you lost. Always be careful when you loan money to friends, it has a way of ruining friendships real quick.
2007-02-04 04:05:53 · answer #9 · answered by Anonymous · 0⤊ 0⤋
lending money to friends often works out this way, i would see if he can start making payments if not gather up any proof you have and file in small claims court
2007-02-04 04:03:22 · answer #10 · answered by C 3 · 1⤊ 0⤋