Main site > MoneySavingExpert.com Forums > Essential Money > Loans > Advice on collecting money owed from a (former) f... (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Advice on collecting money owed from a (former) friend....
Closed Thread
Views: 742
Thread Tools Search this Thread Display Modes
# 1
Gurj247
Old 05-04-2012, 10:20 AM
MoneySaving Convert
 
Join Date: Feb 2012
Posts: 84
Default Advice on collecting money owed from a (former) friend....

Hello one and all,

Thought i would ask peoples opinions on how you would handle the following, as tbh its been doing my head in on and off recently.

Basically, about 4/5 years back I moved into a Flat with a mate, things were going good, his and my work were going good so no problems what so ever.

However after about 2 years things changed and eventually we went our own ways, getting our own places, the problem is that because of his situation (he was made redundant and his new job didn't pay what they said they would) I ended up covering his part of rent and bills for about 3 months.

As a close friend he assured me that he would pay me back to money. (circa £1800) and at the time i had no reason to doubt him, as when we first moved in together he was earning twice what i was.

However it is now coming up to 3 years since then and after various attempts and agreements to pay me back the money it has not happened. We even agreed a payment plan... oh how niave i was/am (with regard to this person).

I have called him, messaged him, texted him, emailed him etc via various means but he refuses to take my calls (or call back) or respond to any of my messages, but i know through social media sites etc that he seems to be constantly travelling over the uk for one reason or another...

I have also spoken with some mutual friends (one who is the brother of this person) to tell them the situation in an effort to encourage my old mate to sort things out regarding the outstanding amount.

I hate putting my other friends in the middle of this situation, but i don't know what more i can do.

I have recently bought a house and could really do with that money... but who knows if i will ever see it again...
Gurj247 is offline
Report Post
# 2
Tixy
Old 05-04-2012, 10:25 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Jan 2009
Location: somewhere in the middle
Posts: 28,557
Default

Do you have anything in writing?
When you agreed a repayment plan was that in writing?
Any proof that you gave him the money and that it was intended that it was a loan and he would repay you?

Without that it will be very difficult for you to do anything. Even with something in writing then whilst you could consider court action, its often not obtaining a CCJ that is the hard part, but actually getting the debtor to pay you, especially if they move around a lot, have few assets etc.
A smile enriches those who receive without making poorer those who give
or "It costs nowt to be nice"
Tixy is offline
Report Post
# 3
McKneff
Old 05-04-2012, 10:52 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Jun 2008
Location: north yorkshire
Posts: 31,573
Default

Ihave to agree with Tixy. If you have no proof that you loaned him this money it will be almost impossible.

If you havent, all I can suggest is that you forget it and get on with your life and chalk it up to experience.

Life is a learning curve.
No one can make you feel inferior without your consent
McKneff is offline
Report Post
# 4
chalkie99
Old 05-04-2012, 11:06 AM
Serious MoneySaving Fan
 
Join Date: Apr 2008
Posts: 1,507
Default

Quote:
Originally Posted by Gurj247 View Post
but who knows if i will ever see it again...
I think we all know - you won't.

Sadly, most of us have been in the same situation and all you can really do is to learn from the experience and move on.

Try not to dwell on it too much to let it get it down but remember what happened if anyone ever needs a "favour" again
chalkie99 is offline
Report Post
# 5
Gurj247
Old 05-04-2012, 11:24 AM
MoneySaving Convert
 
Join Date: Feb 2012
Posts: 84
Default

Thanks guys for the responses,

I do have some emails, text message conversations etc but tbh i know that i won't go down the court route. He does not have any assets etc to his name, he's the sort that once he earns it, he spends it.

I think that its quite amazing how relationships can change over money, sadly i thought that he was a friend... he's not...just a user...

I have pretty much written it off, but as always when i need cash this always comes into my mind.

I shall certainly in the future be very mindeful of who I lend money to (if anyone)...
Gurj247 is offline
Report Post
The Following User Says Thank You to Gurj247 For This Useful Post: Show me >>
# 6
inmypocketnottheirs
Old 05-04-2012, 11:28 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: May 2005
Posts: 4,528
Default

Yes, sorry to say you probably won't see your money again. Just move on and out it down to experience.
Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
inmypocketnottheirs is offline
Report Post
The Following User Says Thank You to inmypocketnottheirs For This Useful Post: Show me >>
# 7
27col
Old 05-04-2012, 8:23 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2007
Location: Hampshire
Posts: 5,555
Default

Give it up, there is no way that you are going to get your money, so you might as well stop getting stressed about it. As has been said, put it down to experience.
I can afford anything that I want.
Just so long as I don't want much.
27col is offline
Report Post
# 8
poppasmurf_bewdley
Old 05-04-2012, 11:00 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Aug 2007
Location: The beautiful county of Worcestershire
Posts: 3,172
Default

I have to agree that you probably won't see the money again, but to be honest, if you can afford it, I'd issue a writ against him in the county court and at least this former mate will get a CC judgement against him which will ruin his credit rating for the next six years.



I used to be a Conservative, but I'm better now.
poppasmurf_bewdley is offline
Report Post
The Following User Says Thank You to poppasmurf_bewdley For This Useful Post: Show me >>
# 9
inmypocketnottheirs
Old 06-04-2012, 6:40 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: May 2005
Posts: 4,528
Default

Quote:
Originally Posted by poppasmurf_bewdley View Post
I have to agree that you probably won't see the money again, but to be honest, if you can afford it, I'd issue a writ against him in the county court and at least this former mate will get a CC judgement against him which will ruin his credit rating for the next six years.
Absolutely. That will screw his ability to get any kind of credit.
Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
inmypocketnottheirs is offline
Report Post
# 10
DCFC79
Old 06-04-2012, 8:50 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Aug 2008
Location: Gloucestershire
Posts: 22,462
Default

Its a shame you may never see your money after you helped him,
DCFC79 is online now
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 7:16 PM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 23 July 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • VARIOUS ARTISTSNOW THAT'S WHAT I CALL MUSIC! 88
  • ED SHEERANX (DELUXE EDITION)
  • VARIOUS ARTISTSRHYTHM OF THE NIGHT

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.