Already repaid loan to 'friend'!!

ravaro

Your ex friend may even have forgotten that you repaid the money. Remind him of the circumstances and simply leave it at that.

No debt collector would trouble themselves for that sort of loan with no documentary evidence - you really are worrying about nothing. I would however give the friend your correct address so that your parents aren't troubled.

Frickdapop

Basically what some have pointed out. You may not have proof that you repayed the loan, but does he have proof he loaned you the money, or even a legal agreement that the money was a loan. 6 years is the time given to collect on a Financial agreement. As this is not even a proper financial arrangement and 4 years has passed, I would say this 'friend' has no rights at all. Contact them and let them know you paid them and remind them of the circumstances, and be polite and friendly, don't want to cause them to have anything bad to say about you.

Frick

somethingcorporate

Without any evidence it was a loan (i.e. a contract) then the judge would have to assume it was a social arrangement (i.e. a gift) and not be repayable.

I wouldn't worry about it there is very little he can do, despite trying to bark quite loudly.

terryw

somethingcorporate wrote: »

Without any evidence it was a loan (i.e. a contract) then the judge would have to assume it was a social arrangement (i.e. a gift) and not be repayable.

I wouldn't worry about it there is very little he can do, despite trying to bark quite loudly.

Not quite! The judge must decide on the balance of probabilities and whilst written proof is better, verbal evidence could persuade the judge to make a judgement against the OP.

I agree though that it is very unlikely to get to that stage.

somethingcorporate

terryw wrote: »

Not quite! The judge must decide on the balance of probabilities and whilst written proof is better, verbal evidence could persuade the judge to make a judgement against the OP.

I agree though that it is very unlikely to get to that stage.

Which is what I said! I just used the written contract as the example of what evidence could be.

I agree that verbal evidence would also be possible.

terryw

somethingcorporate wrote: »

Which is what I said! I just used the written contract as the example of what evidence could be.

Oh no you didn't.

somethingcorporate

terryw wrote: »

Oh no you didn't.

Care to explain how and why?

Without evidence to the contrary there would be nothing to suggest that it was probable that it was a loan and not a gift.

terryw

somethingcorporate wrote: »

Care to explain how and why?

Without evidence to the contrary there would be nothing to suggest that it was probable that it was a loan and not a gift.

This is silly. Both parties would tell the truth under oath and confirm that it was a loan. There is no suggestion in the thread from the Op that either party has suggested in any shape or form that it was a gift. Neither party wants a prison sentence for perjury.

The judge must decide on the verbal evidence on the balance of probabilities which party is most likely to be giving the most plausible version.

somethingcorporate

terryw wrote: »

This is silly. Both parties would tell the truth under oath and confirm that it was a loan. There is no suggestion in the thread from the Op that either party has suggested in any shape or form that it was a gift. Neither party wants a prison sentence for perjury.

The judge must decide on the verbal evidence on the balance of probabilities which party is most likely to be giving the most plausible version.

Makes sense, thanks.

terryw

somethingcorporate wrote: »

Makes sense, thanks.

Thank you.

OP, take the advice already given by several posters. This is a try-on and unlikely to go any further, but to be on the safe side, let your parents know the whole story and advise them not to have discussion with any person at the door but merely refer them to you.

bw