He won't pay back the loan

Sir_Smith

Probably not the first person to do this, but I lent a so called friend some money (over £1500) and he won't pay it back, ignores my phone calls, emails & texts. I don't know what to do as it was never recorded, all of it was lent in cash and I've no agreement? Help MSE please.

missyb890

Hope someone with more info can come along and offer some advice. Have you been to see the person? Knocked on their door?

Sorry this has happened x

Ronaldo_Mconaldo

LORD POLONIUS:
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry

There you go, pal. Just remember that quote in future and be sure to pass it on to others.

missile

You can kiss it goodbye, or get another friend to break his legs.

Apples2

You'll probably find you aren't the only one he owes money to.

There is a reason people ask friends for money, it's because all the money lenders know he isn't going to repay it.

JuicyJesus

Sir_Smith wrote: »

Probably not the first person to do this, but I lent a so called friend some money (over £1500) and he won't pay it back, ignores my phone calls, emails & texts. I don't know what to do as it was never recorded, all of it was lent in cash and I've no agreement? Help MSE please.

Kick him in the b*llocks.

Beyond that, I'm afraid you will never see the money again.

Other option: try calling him again with caller ID turned off. He might answer it if he knows the call isn't from you.

Bangton

Yup, I'm sorry to say I don't think you will get it back and unfortunately there is little you can do!

Sorry this has happened..some people are vile. Your a good friend lending someone money like that and whilst it's never recommended for this very outcome you would think someone would gladly repay your generosity

demontfort

Don't refer to him as your friend, he's a thief. Your options are:

If you have good proof that you lent him the money take him to the small claims you may not get all or any of your money back but you can make his life a misery.

Or

Pop round his place for a chat. If he's not reasonable, say you're leaving then accidentally break a few of his prized possessions on the way out and key his car.

DCFC79

Your not the only 1 to get taken for a ride, have a read of the lending to friends and family thread on here, you certainty won't be the last though.

How good a friend was he ?

Be prepared to cut him out of your life if you don't get the money back. I know not what you wanted go hear but its the truth.

joeblack066

I feel your pain. I lent £300 to a friend who was in urgent need. He has never paid it back. At the time I realised thast there was a real risk of this, but decided to lend it anyway, as it kept his children housed until his HB was sorted out. I have sent him as message tellung him that he should not behave this way toward people as one day he may have needed more help that the loan of £300, and now would not get it. His loss overall, IMO, as all I've lost is money. He has lost his self respect, that of those around him, and any shred of integrity that he may have had. I inow who I'd rather be.

Leblanc_2

I had the same problem. I helped the family at Xmas time. Provided a meal and a loan. Then I was asked if I could pay their car insurance which I did.
Pay back was promised within a couple of weeks. Weeks turned to months and telephone calls were ignored. I was made to feel bad for chasing them.
There were obvious signs of them spending money. The wife also treated herself to a weekly visit to the hairdresser, whereas my wife could only afford 6 weekly visits!
Eventually I instituted a small claims court action. They went right to the wire, but turned up on my doorstep with the money on the evening before the court case.
They are no longer friends and never will be regarded as such again. I bumped into their son a few years later and he said his dad would really like to get back in touch!
"Fool me once shame on you. Fool me twice same on me"!