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

[Stardom22]

For me l have too much money that the people l once lend to them had not Paid back to me. What do you actually do when you find yourself in a such case scenario?

 

[Shavkat]

If he or she borrowed a huge amount of money, I will formally sue him or her and file a criminal case against him or her. There is no free in this world these days. We need to seek legal actions.

 

[Niyi Briggs]

If he or she borrowed a huge amount of money, I will formally sue him or her and file a criminal case against him or her. There is no free in this world these days. We need to seek legal actions.

You would still be the one to lose out. They might state in court that they would pay you over the next 10 years. The court would not force them to pay instantly. Only lend to people what you can afford to lose.

 

[Springtime]

That depends on my relationship with the borrower and the amount of money involved. If s(he) is my good friend, I'll give him/her sometime to sort it out.

 

[SHAHID987]

It is required to have complete documentation when give loan to someone because just only the verbal loan won't make you strong to go anywhere for justice. Because the department ask for proof.

 

[Ratine]

For me l usually let that go and l wouldn't help that person in any way forever.

 

[Starmix]

I also experienced the same not paid by people who borrowed money from me. They're shameless animals.

 

[freelancermaria]

Someone borrowed money from me but did not repay it. Asked again, I refused. This is the reason why I do not allow others to borrow from me anymore.

 

[nomad]

If that ever happens to me, I will take legal actions. But then I don't lend big amounts and I do not lend to anyone outside my family and close friend's circle

 

[Bisolami]

For me l have too much money that the people l once lend to them had not Paid back to me. What do you actually do when you find yourself in a such case scenario?

I usually feel bad and I can go to the extreme especially when it is a lot of money. I can even post up their pictures and tell everyone what they did

 

[cherry123]

This will always happens when you lend out your money. you can arrest them if you have collateral with you then you can sell them

 

[Passiveearner]

I also experienced the same not paid by people who borrowed money from me. They're shameless animals.

In many cases, people may take some kind of legal action. However, this also depends on the amount of money you borrowed. Laws may differ in this regards.

 

[Starmix]

In many cases, people may take some kind of legal action. However, this also depends on the amount of money you borrowed. Laws may differ in this regards.

The one who borrowed big money from me was my ex-bf. He borrowed $ 1, 300. He told me he was going to invest something only to know he left the country for Australia with someone else. I just told myself, that he never existed to move on.

 

[You]

When someone doesn't pay me back, I feel frustrated and disappointed. I try to communicate with them to understand their situation, but if that fails, I write it off as a loss.

 

[eldavis]

This is one major reason why I do not lend money to people, there was one I did this for some time back and she ended up blocking me.

 

[Sawe]

It usually hurts so much when someone does not pay back my money. It is a betrayal of trust but a lesson learnt. These days, I don't lend people money anyhow.

 

[Etini Willie]

When you lend money to people and they don't pay back, I think the authorities are in the best position to render help.

 

[Cam]

I've probably made this mistake once or twice, but you learn that lesson really quickly. Don't lend people money.

 

[Rubz]

It depend on the amount of money i lent the person. If it is a small amount of money, i might let the money go.

 

[IB D]

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