First off, I never loan money without a signature.
Once I have that, I simply leave them a message...
"Hey man, I know it probably just slipped your mind, but you forgot to pay me like you agreed to. If you just forgot, no problem, this is a reminder. If however you deliberately failed to make your payment, can you let me know why? Do you need an extension? I will work with you, but you have to communicate with me."
If it has happened several times, I let him know that the arrangement was not being honored and that I need payment in full by ____ date.
Then if the date arrives and he hasn't paid I file in court.
Fortunately I have only had to file once, but he paid before the court date.
I'd never approach them,I have trust that they'll pay the money back. If they forget,I remind them. If they don't want to give the money back, the gloves come off!
sultryashBridgetown, Saint Michael Barbados3,203 posts
i have a similar situation going on right now where i lent someone a large sum of money....well into about two years now......and she has not paid me back and i am embarrassed to ask her about it.
A man who owed my father for some furniture ($300)was way past due! asked if he paid the $300 would he loan him $5oo to buy a truck. My father said sure...but I want to see the truck first! So the three of us went to see the truck and my father agreed it was worth the money....the man paid the $300 and my father wrote the reciept. Then we started getting ready to go....bragging on the truck......the man said,"You can give me the $500 now." my father said, I am not loaning you $500. The man said, "Mr ?.....you lied to me!" My father said,"You lied to get it and I lied to get it back....whats the big deal!" We left! he walked home!
sultryash: i have a similar situation going on right now where i lent someone a large sum of money....well into about two years now......and she has not paid me back and i am embarrassed to ask her about it.
O.k..lets get honest here a bit...people don't forget to pay...they avoid paying.
I'm a firm believer that if I SCREW ANYBODY OVER FOR A PENNY,my higher power,god,it,he,she,whatever YOU WANT TO CALL IT, has a funny way of working.... and I'll somehow get screwed over ten times the amount for what I OWE. So I avoid owing money to people,and I also believe if someone owes me,and they have and still do,it's on their conscience,but I LEEP LIKE A BABY AT NIGHT,and it's not a drastic amount that will change my life....so.
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