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If you have any type of documentation or proof (in writing or verbal recording), you can file a case in small claims court. I have a situation such as that and I have emails where I made sure that I stated the exact amount owed to me, what each amount was owed for, the approximate date that transactions occurred and I asked when the money would be paid back. Since the person responded with "I will pay you when I get the money" and they did not dispute any of the information in the email, that is proof of them admitting to owing the money. Try to get what you can in writing, on tape, via email, however you can get it so that you will have something to back you up and take them to court.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoI'm in the same boat with a relative. If they are having trouble affording things, it usually is poor money management and/or that they want things that are beyond their means.
Hard as it is, loaning these people money is like giving it to them. You will not ever see it paid back. Once you learn this for certain, do not give them any more, ending the vicious cycle of supporting this behavior.
If you have lent someone money, you need to be persistent in reminding them. Often times people may simply 'forget' that they owe you. And of course it can be rather uncomfortable to tell friends or loved ones that they owe you money. One option is to use web-based reminder services such as http://www.PayMePlz.com to send automatic email, sms and voice reminders to people who owe you money.
If you have a written agreement or other paperwork, you can take them to small claims court or put a lien on their property. Still, chances of repayment are slim to none.
Wiki User
∙ 16y agoYou should confront the "borrower" asking about the money. If he or she does not respond show them the facts. The fact that they took money from you and never returned it. If this happens to you and you never get your money back it could possibly ruin your friendship and/or trust for that person.
Wiki User
∙ 16y agoUnfortunately, unless a contract was signed by both of you then you might as well have put wings on the money. There are certain people that may borrow $20 - $50 from me and if they are in a bad way I know before I loan the money it's "bye-bye." Therefore, before giving money to someone I weigh the consequences.
Wiki User
∙ 16y agoTake them to the small claims court. It's either that or cut your losses, learn from your mistakes and move on- wiser.
Wiki User
∙ 14y agoIt depends on who you lent it too, but at first you ask for it back and if they continue to refuse you can take them to small claims court and try to fight it out and get your money back
Wiki User
∙ 16y agosmall claims court
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is the money free so i will owe nothing back?
is the money free so i will owe nothing back
How can you find out how much money you owe to receive your lience back?
I would like to know how much money I owe for my LEINCE
People who owe money?
debtors
How do you get money back that people owe you?
Remind them when you see them that they owe you money. Send an email or letter to request the money. If you are out with them, ask them to buy your coffee or something so that you can recoup the money a little at a time. I once had someone owe me a dollar that didn't want to pay me back and one day I asked is she had any stamps. She offered me three stamps and then I said, we're even for that dollar now.
What are creditors?
Creditors are people or organizations (companies, councils, tax man etc) to whom you owe money. Bills, people you owe money to
What do you call people who owe money?
Debtors.
What are the people you owe money called?
Politicians! :-)
If in the current crisis the whole world is in debt who does it owe money to?
the problem comes because banks lend out a whole heap of money to people which does not actually exist, and then tells the people they owe them that money back, and when people can't pay it back it puts the banks in a situation where they have inadvertently thrown out millions of dollars which is unaccounted for. The debt is to the non-adding-up figures in the computers at the bank.
What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
Why is it important to pay back money you owe?
because they can pay for you went you need money
How do you get money from someone who owes you money?
For starters you should remind them on a consistent basis until they pay you what they owe you. One easy way to do this is with the service at PayMePlz.com. The site allows you to send automatic email, sms and voice reminders to people who owe you money. The reminders can also link to your PayPal or credit card merchant account to make it easy for people to pay you what they owe you.
What is Interest is?
Interest means that you borrow money, and you owe it back with a little bit extra. e.g. you owe someone £10. After a month you give that money back. But for having let you borrow it, you might now owe £10 with 2 pounds (interest) added.
