What happens when the people you lend money don't pay back?

[Sawe]

If it is small money, you just have to learn your lessons and move on from there. Forgot the money.

That is what I do too, I will ask for it once or twice. If the fail to pay back, I let it go. After all, it means they now can't borrow from you anymore.

 

[Sanjeev]

I have made this mistake once in my life and since then I have never lend huge money to anyone as that gave me a lesson.

 

[Hate2Wait]

We need to move on. I was scammed many times when I gave away money in the form of a loan and they never paid back so I guess we need to be careful and should move on

 

[Kerryjoy]

As for me, I let it pass, but ill never lend them again because it will seem like taking an advantage

 

[Hate2Wait]

I try to not lend a big amount and try to be selective in my approach and if its a close relative then there is nothing we can do and we should not want to file a police complaint for that

 

[Ratine]

When one decides to sue their debtors they tend to loose more on spending high on court cases and all that with no guarantee that they will even repay

 

[King Belieal]

Tough place to be. Would you avoid lending people money when they are in serious need. Yes. Just give them what you have and don't lend.

 

[Stardom22]

I think that are losses already the business incur for that matter. It's very bad for that to happen on businesses though

 

[Hate2Wait]

I feel bad but somehow I feel I have a soft corner for people who ask for money as a request because they really need it

 

[Fidelia]

There is nothing you would do. Just let go. They would always need help some other time.

 

[capri]

When someone doesn't repay a loan, it can be a challenging and frustrating situation.
You may however address it by going for negotiations. Work out a new repayment plan that they can manage, which could include smaller, more frequent payments.

 

[Kera]

If it is small money, I just give up and let go. For big money, we would use legal process to get it back.

 

[Hate2Wait]

I am facing this at present too, I have lend money to someone who is part of this website and also forum coin and if they don't show up and pay then I will publicly share their name