My Uncle owes me money?

Question

Hello,

I have a problem. I gave my uncle last year £5,000, on the understanding that I would get it back within one month, and he guranteed he would get the whole amount back. The money was from a inheritance me and my partner got, and my partner really did not want to give it. I assured her on the basis that I trusted that he would pay it all back within the time stated.

It has been over 1 year 1 month and to date I have not received the full amount back from him.

Within this period these things have transpired.

1) I have asked him for the money, and he said there was a issue with the solicitors and its taking time. On that basis I said I would wait and I he should inform me that it has been sorted.

2) In may of this year he said he got the money. I was happy and asked him to pay me the full amount of money. He said he would. I gave him my account details, cool.

3) he said he had the money, that saturday he said he was going to pay me. I thought great, pulls out £300 and said he will pay me the rest in a few days okay, I said. He explained that his house was going to be possessed so he paid like £13,000 to stop that. Fine. said he was requesting more money to pay me off and it will be in his account in 6 working days cool.

4 money turns up only £700 quid. he now owes me £4k, okay fine, wheres the rest, "I am having problems with my bank they are are not transferring the funds to the account I want I need to pay the money for the patio also", I asked him to call me if anything happens by the end of the week.

5) end of the week no phone call. 3 days later no phone call. I called him a period of 6 times on his phone no reply. I know where he works called him there. got him asked him where the money is. said still problem call him by end of week. So I did on his mobile in the morning. He said he is putting the money in my account cont...

cont... today and i will get it in three weeks. He then tells me its annoying that I called him at work( well i did try to call him on he phone, no answer) I said i need the rest of the money and can he talk to me if there are any problems.

I check my account on tuesday and lo and behold no money in my account it takes about 3 days for money transfers. I was pissed off, so I wanted to see if he was lying, so I said that the money wasnt in the account, was it because the transfer is taking time? he said it takes five days ( I worked for a bank I know those types of transfers only take three days in total -BACS) I knew he did not do it. I never tell him though. He then asked for my account details again compounding the lie. I though so what I am going to get the remainder at the end of the week. cool

6) I check my account only £1k in there, I was pissed off to say the least, but was concerned with another matter. Thanked him for it. but not happy cont....

I decided to give him 2 weeks of me not bothering him. So I call him. ask him about the money and he said to call him later, called him three times already no reply.

Now my problem is I want all that money back, I want to save it because it will be better off in a savings account then not doing anything. and a llittle will pay for my rent.

I feel he is ducking me, and out of respect I try not to harshly confront him about it but, if you were me what would you do. because in the end of the day I cannot trust my uncle anymore. I need a decent way of doing this. please help
thanks

he still owes me £3k

Answer 1

Lets dont beat around the bush....

SUE HIM...He's had more than enough time to repay, and his lack of money skills is not your problem. Get a court judgment and be done with him with lesson learned.....

Whomever say you dont have legal recourse is SADLY mistaken. Oral contracts are just as enforceable as written ones. When the court see he's made attempts to pay... you've proven your case without saying a word...

Answer 2

With respect.

Stop take a deep breath and relax. Then calmly read your question and take note of all the information you have given.

Clearly your Uncle is messing you around and trying to avoid paying you this Money.

Unless you have a signed agreement with him regarding repayment of this loan i am afraid that legally you do not have any recourse.

You need to be really firm and tell your uncle that unless the monies owed are repaid in full by a set date that you feel you have no option but to seek legal advice. this may frighten him enough to pay up.

If that does not work you may well have problems getting your money back as the law will not be on your side.

Your Uncle has taken advantage of your generosity and good nature.

Unless you can convince him that he needs to pay up and soon you may find yourself out of pocket.

Good Luck

Answer 3

I have a rule in my life,this rule is I don't lend or borough money from my family members that's just it.Now you have two choices but you will have to determine first what is more important to you at present money or your uncle's friendship.He obviously has some reasons not to pay you back all the money at once but at the same time he probably would find the way if it would be someone else.If you need this money really bad right away just tell him that and give him a specific date for a repay.Than if it want work go to attorney.

Answer 4

It seems that he is paying you back when he wants to, a little at a time. Remember always have a contract made up specifying how much is borrowed and when it is to be paid back, with interest if part of the deal. Then you and the person borrowing the money needs to sign it in front of a notary, or what passes for one where you live. This way the document will stand up in civil court.

Answer 5

You are just being too nice. In the United States you could take him to Small Claims Court, I don't know if you have such a court system.
It is really a hard lesson for you to learn at such and early age, but you should never loan any more than you are prepared to lose.

Answer 6

It looks such as you're constantly lending him money, so specific you have become comfortable. save urgent the guy, yet not collectively as he's intoxicated. he will merely forget whilst he's intense and he gets indignant whilst he's inebriated.

Answer 7

ask him for the money if there is a reject theres always peoples court or family court there is a court for your everyday issues take advantage of it and dont let your family take advantage of you or it will never end

Answer 8

When you lend money to friends and family it's with the understanding that you will not need it back... That's just the way it is good luck....

Answer 9

Try going to his place of work on his payday and collect then.

Answer 10

lesson one do not ever do business with family - unless you do not expect to be paid back.

lesson two -- there is really no lesson two - go back to lesson one