HELP! Took a loan out to help someone who is being a pain in paying back

feistyfluxy

I know I'm a complete fool for lending him money, but he was my boyfriend and he was in trouble. I took out a loan with Beneficial Finance ( a total of 8k) and he's been good paying back, although there had been delays as he's incapable to setting up a standing order into my account until now.

I ended it in the relationship in beginning of April and this month's payment hadn't arrived. He claimed it was because I had his portable dvd player!!! To make a long story short, he owes me less than 4k now, but I really want to get rid of him as he is getting increasingly difficult. He even said when I reminded him about the payment by text that it could turn ugly if I didn't watch my tone!!!

I asked him if he would pay the whole things in full, ( he can as he does have the funds if he wanted to) but he wouldn't, ( I think he believes it's a way to manipulate me or something stupid).

Shall I sort out a contract? Who do I contact? Where should I start? I want him off my back asap. There is plenty of proof - bank statements would verify every word I mentioned here. What should I do?

momisa

Is the loan just in your name or both? Did you have him sign an agreement with you saying he'd pay it back?

I hate to say it, but the quickest way of sorting this may well be through the small claims court. Whatever costs you incur by doing this you could probably request the court to add the fees onto the money he already owes you.

It sounds like he's on the verge of being Mr Nasty over this. I can only suggest that you nip this in the bud to save your stress levels (he's not worth it) and go to court.

That said, I'd also suggest that you don't text him about this again. Email would be better in order to keep a record of all communications with him about this.

Good luck, HTH

feistyfluxy

Thanks for your reply. It gotten ugly already. I have a portable dvd player of his which I am sending back tomorrow. I've demanded some of my things back, a few cds, cosmetics, my ipod accessories etc.

He now says he refuses to pay interest even if I return gifts that I have received, an lcd monitor and a very old microwave.

I think I am more or less forced to take it to court, aren't I?

momisa

Hi feisty

If I were you I'd definately take him to court.

Make sure that everything that you have which is clearly his is returned to him asap. Anything that he clearly gave you as a gift I'm sure you are entitled to keep if you so wish.

Anything that he has of yours he should return asap. Make a list and stick to it.

I've never been in this situation but I'm sure the small claims court is for amounts upto £5000. Make sure he pays you whatever you have to pay the loan including the interest and any late payment fees.

Don't sink to his level of immaturity and don't tell him you're taking him to court to his face. Keep things as simple for yourself as possible. His feelings don't count in this. Simply return what's his and walk away. Then get the paperwork in order and get your claim submitted. There's probably loads of info if you just google it to find your local court etc.

I wish you well and do let us know how you get on.

Take care

Raver2k7

Yeah, good luck hun! x

inmypocketnottheirs

Yep, Court action I reckon. And the limit is 5K to keep it in the small claims court. The more evidence, bank statements, emails, letters etc you have to support the case, the better.

Good luck!