Owed money

wealdroam

arcon5 wrote: »

Did you lend the money to your daughter or to them collectively?

The OP told us...

debsue wrote: »

I was asked to loan them the money for a deposit on a rental house which I did. All in all over the year they ended up owing me over £1800 for one thing or another.

arcon5

wealdroam wrote: »

The OP told us...

he may have lent the money to his daughter for their collecttive use or may have lent them money as a ouple. There's a difference and if he is taking anybody to court probably wise to establish which.

bod1467

Given the OPs username I would suspect She rather than He.

fluffnutter

somethingcorporate wrote: »

Good luck, lending money to friends and family is always a massive risk.

I agree. If ever I think about lending money to friends I ask myself whether I'm prepared to write it off. If yes, then I go ahead without fear of resentment. If ever I think I actually need the money back, I wouldn't lend it.

If you get it back it's a bonus. If you don't, at least you lent it graciously and without agenda.

bris

somethingcorporate wrote: »

You're applying terms that are not there. How can it be joint and several if they have not signed a contract saying it is so?

because you don't sign a verbal contract. I assume the tenancy was joint, therfor the deposit was a joint deposit making the loan to them both, and anyway the OP said it was to them both.

squeaky

fluffnutter wrote: »

I agree. If ever I think about lending money to friends I ask myself whether I'm prepared to write it off. If yes, then I go ahead without fear of resentment. If ever I think I actually need the money back, I wouldn't lend it.

If you get it back it's a bonus. If you don't, at least you lent it graciously and without agenda.

An old one but a good one...

Before borrowing money from a friend, decide which you need most. ~American Proverb

I always think it applies equally well to lending money.

arcon5

I don't think anybody should begrudge op for lending the money tbh. How many people wouldn't help out their own family during difficult times?

somethingcorporate

bris wrote: »

because you don't sign a verbal contract. I assume the tenancy was joint, therfor the deposit was a joint deposit making the loan to them both, and anyway the OP said it was to them both.

The terms of the tenancy have absolutely nothing to do with the terms of the loan between the OP and the daughter. To infer such would be ludicrous!

bris

somethingcorporate wrote: »

The terms of the tenancy have absolutely nothing to do with the terms of the loan between the OP and the daughter. To infer such would be ludicrous!

Why would it be? The OP lent money to pay for the deposit on a joint tenancy, it wouldn't be hard to convince the smalll claims court that you would be lending to the joint tenants and expect to get it back at the end of the tenancy, making both tenants equally liable.

Hintza

The OP has to decide whether it was a loan/gift to her daughter with or without any expectation to have it repaid. In circumstances like these the heart starts to rule the head and I am sure the OP thinks it was a loan to both but was it really? Perhaps, perhaps not.

If the OP chases this up there is a good chance her daughter might perjure herself.

There are times when it is sometimes better to let sleeping dogs lie, but only the OP can decide that and if the reward outweighs the potential risks.