I lent a friend money, and he won't pay me back. What is the best way to get my money back?
I lent him a lot of money, and he either can’t or just won’t pay me back, is there any way I can make him, maybe in a small claims court or something?
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Tagged with: friend money • lent • money • Money 97 • Money Back • small claims court
Filed under: How To Get Him Back
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it depends on how much money and how close of friends you are. If you haven’t asked him why he won’t pay you back I would suggest not taking him to court. but if he refuses to tell you why threaten to take him to court.
In the future: don’t lend friends or family money unless you have a written contract with a mutually clear understanding, otherwise don’t lend them money. Give them money. Let their conscience decide to pay you back, but in your mind, they don’t owe you and you remain friends.
Kick his butt.
For small claims court to work you need a written document or a witness. Otherwise, it is just your word against his.
Life lesson: Don’t lend money you cannot afford to lose.
i don’t know if you can do that….just learn from your mistakes and don’t lend him any more money
Threaten small claims court. If that doesn’t work, actually take that person to small claims court.
Get him in an unfortunate manner
judge judy baby.
depending on the friend, dont lend "a lot" of money to anyone every again. no offense but work on your judge of character.
threten him saying you will do something that he wouldnt like.
PRESSURE, call him often, ask him to make smaller payment arrangement and then continue the pressure. If a last resort, then yes small claims court.
Good luck.
take something important of his and tell him he cant have it untill you get paid
Unless there is a written agreement otherwise take this as an expensive lesson learned. Never ever lend anybody (not even your closed relatives) monies. First, you’re not a licensed money lender thus even with the written agreement you may not be able to sue them.
yes that is a civil matter and you will have to take him to a small claims court and if there is no written agreement then it may be hard even then but a chance good luck
Well, did you get anything signed by him? Did anyone witness it with there own eyes? Is there any way he could say it was a gift?
You can try small claims court. Dosn’t cost much. Would he pay even if he lost the case???
Small claims court won’t do you any good if you don’t have a contract of some kind. It’ll just be his word against your’s.
Sounds like your friend isn’t a very good friend after all.
Play a confidence scam on him.
Get him to think that with a sum close to what he owes you can make thousands of dollars together.
Then let the deal fall through taking both your money.
Small claims takes too long and he may never pay you.
If you value your friendship more than this money, tell him it’s forgiven, a gift & then NEVER loan money to a friend or family member again. It almost always ruins the relationship (or damages it irreparably). If you think he is just being an a** & sue him in small claims court, you will lose your friend. Of course, if he honestly is a creep, that might be a good thing. I heard a joke that went like this, "If you loan your brother-in-law $500 & you never see him again, was it a good investment?"
well now you have lent him money which he does not pay the money back……..god will punish him……be careful he can ask u anytime again…………but dont give him
they say if you can afford to lend it, you can afford to lose it! lesson learnerd!
actually you dont need a piece of paper to go to small claims court
It depends. When you loaned him the money, did you have something written with signature(s)? Legally, that may be what can hold up in court. What does he say when you ask him for the money. How much time has passed? Consult an attorney and find out the correct procedure. If you loan in the future, I’d have it written out and notarized. The other party should know at that time that you mean business. Good luck!!
You could take him to small claims court, but unless you have a written agreement that he would pay you back, you are wasting your time. I would try to set up a payment plan to get back the money he owes you in a timely manner.
If it isn’t a really large amount, I would view it as a lesson learned. I would still be acquaintances but distance myself some to show the disapproval, and the next time they asked for money. I would politely say no and remind them of the balance still owed.
"There is nothing more valuable than a lesson learned…….. as long a you don’t pay too dear." my grandmother
If you have a friend that is a lawyer have them write up a sort of threat to scare the guy into paying you back. I’m not sure if just any lawyer would do this. My lawyer friend did it for me and it worked.
if you want to go to a small claims court you have to have proof that the money was loaned. Otherwise if you dont, but know what your friend purchased with the money (a car, etc.) you can claim that the money was loaned to him for the certain item, then the judge can question where the money came from, to buy that product. If the judge finds your case plausible, he/she will award you the money.
Or you can settle out of court by setting some kind of payment plan with your buddy. create and sign a contract with your friend just in case he decides not to pay it for a few months or something, then go to court.
tell him your gonna take him to small claims court ..also give him a time limit ,say 1 week & if hedoesn’t repay you then,give him a court day.Be peprared to loose him as a friend…but hey whose fault is it anyway………
honey, if you have tried endlessly to get the money and you havent, then more than likely you wont. you should have signed a agreement for arrangements for the money to be paid back to you. even if its a family member or friend. a very wise old man told me once and it is true, never loan money to family and friends , it ends up causing enemies in the end. there is no amount of money worth losing a family member or best friend. if you loan money, do it in a small amount first, then get it in writing so you have proof you loaned the money, then you can go to small claims court.
Many of s have fallen into that trap. But learn this lesson and NEVER ever lend money to a friend or relative, with or without contract. It is the surest way to lose them.
Small Claims would be a good option, depending on how much he owes you. You have to think about the cost of a lawyer and court fees. If it outweighs what he owes you, then you should consider it.
Though, have you talked to him and his exact reason why he can’t pay? If not, try- you can always try and work out an agreement with him.
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