2007-08-18 18:35:32 · 7 answers · asked by ida s 1 in Family & Relationships ➔ Family
just $1000? Consider yourself lucky. You could just ask them. Tell them that you loaned it to them in their time of need and now you're the one who's feeling the pain. Make the offer of installment payments if it'll help them pay you back.
2007-08-18 18:44:16 · answer #1 · answered by jamaicabound191 3 · 1⤊ 0⤋
Yes, I think approaching this person and suggesting they start making regular repayments if they haven't got the full amount just now is a good first move.
But loaning money without a clear understanding about repayment is never a good idea, whether or not it's a relative. In fact, lending to relatives is always fraught with problems just because they ARE relatives, unless of course you know that they are the sort of people who would never fail to repay.
It's much more difficult to ask for a signed written agreement from a relative, because the likely response, unless the person is completely honest and trustworthy, is going to be indignation at the implication - "I'm your brother, and you don't trust me!". That's just an attempt to use moral blackmail to guilt you into lending them what they need. Don't fall for it!
Generally, it's a bad idea to lend money if you can't ultimately afford to write off the sum lent. People are incredibly casual nowadays about loans, as you can see from the many problems banks are having getting their money repaid by those who have borrowed.
But you may eventually just have to accept that you won't get the money back, and chalk it up to experience. If that proves to be the case, learn from it, and think very carefully before you provide a loan for anyone else.
wimsey
2007-08-19 06:51:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Just say "I know things have been tough, but you're getting back on your feet now and I would appreciate if you could start making payments to me even if it's as little as $25 dollars a week or month". With a small amount like that, they would certainly try to pay you back, I would think.
2007-08-19 02:07:34 · answer #3 · answered by prarierosebud 5 · 1⤊ 0⤋
How long ago did they borrow it? Did you discuss a payment plan, or talk about when they thought they'd be able to pay you back, before you lent them the money? You need to talk to them, and discuss how much they can pay you monthly or whatever. Say something like, "Hey, (Name) I was just wondering when you'd be able to pay me the money I lent you, I'd be fine taking (amount you'd be happy with) a month." Or something like that, and you should give them receipts so you can keep track of the payments.
2007-08-19 02:45:56 · answer #4 · answered by ☆Mrs. W☆ 3 · 0⤊ 0⤋
If they haven't paid you back yet, they probably never will. Many times they think that since it's family it's OK. My rule is to never lend family members money! I wish my husband would follow this same rule ...... if his family paid back all the money they have borrowed..... we could probably buy a brand new car!
2007-08-19 01:58:03 · answer #5 · answered by sorwho? 5 · 0⤊ 0⤋
you go up to them and tell them straight out. i want 25 bucks a week till its paid. period. end of story and tell them you are done waiting.
2007-08-22 22:45:22 · answer #6 · answered by Tsunami 7 · 0⤊ 0⤋
Why don't you ASK Him??
2007-08-19 02:05:34 · answer #7 · answered by AdultMale 3 · 0⤊ 0⤋