Loan to a colleague!

Peter333

Jon_B wrote: »

1st rule of lending money to friends and acquaintances:-

Only lend what you can afford to miss.

This. ......

redpete

stupotstu wrote: »

It turns out she has a holiday booked now too which almost certainly will be on her credit card but again, that will need paying back too.

You could equally validly consider this holiday to have been paid for with your money - what would your "friend's" response be to this?

MABLE

Loaning money to friends a lethal combination. I speak from experience and in my personal experience end up just avoiding you.

ManPants

MABLE wrote: »

I speak from experience and in my personal experience end up just avoiding you.

Quite true and in my case she has gone sick for days when we are likely to overlap.........

robatwork

stupotstu wrote: »

I really can't afford to just lose this money!

These are always about losing either the money or the friendship.

If you would rather lose the friendship and have the bad atmosphere of someone hating your guts, then take her to court.

Oh you could lose your phone so get those texts saved and printed out for evidence.

scott_lithgows

Had this problem a long time ago,the figure was £250.he just could not pay it back.instead he paid me back a tenner every pay day which cleared it eventually.when it was down to a tenner he went a holiday abroad,thought that a bottle of wine might be with the last payment,fat chance.taught me a lesson though-always downdial your savings by about 5k

jonesMUFCforever

dave88uk wrote: »

stupotstu,

I'm in a very similar situation. I loaned to someone who I thought of as a brother, the typical ending has ensued.

Someone mentioned above about encouraging incriminating evidence by way of email. I did something very similar.

I went down his house with a contract regarding the debt and put it infront of him, telling him to "sign this". Obviously he didn't have the audacity to not sign it and I walked out with a legally binding contract acknowledging the debt and a repayment plan. He's now defaulted on this, but at least this time it's legal.

What you have is a piece of paper which is worthless. Even an incompetent lawyer would play the coercion card on this - write it off before taking legal action.

Pixie5740

stupotstu wrote: »

Quite true and in my case she has gone sick for days when we are likely to overlap.........

stupotstu wrote: »

I have LOADS of text messages from her with excuses and reasons why she hasn't paid. Lots of banking problems, always buying extra time for herself. I honestly thought this month - which is 6 months - it would be paid back. One of my other colleagues got paid back after 6 months (sadly, I think it was my loan that paid off some of his £2000).

It turns out she has a holiday booked now too which almost certainly will be on her credit card but again, that will need paying back too.

Maybe her husband paid for the holiday or maybe it is on a credit card, who knows. Who cares, not your concern. Her husband could be blissfully unaware of her borrowing money from colleagues.

Time to get serious, forget the text messages or catching her at work. Either make a Money Claim Online and attempt to recover your money, or chalk it up to experience and move on.

ManPants

Pixie5740 wrote: »

Maybe her husband paid for the holiday or maybe it is on a credit card, who knows. Who cares, not your concern. Her husband could be blissfully unaware of her borrowing money from colleagues

By what I understand from other work colleagues who have previously loaned her money too, her husband has no idea about her debts. They only married in the summer. I heard that the holiday she is going on is one she has arranged for her husbands birthday. From my thinking it would mean she has paid for it.

Anyway, the money was due to clear this week but hasn't so I sent her a firm but enquiring text. No reply. Followed it up the next day with a "less friendly" one stating I wanted to stop being p@@@ed around and actually paid back. I also pointed out that it was ridiculous that I was chasing after her to get my own money back which I'd loaned to help her out. Again no reply.

I'm giving her to the 25th of the month to pay the money back which is the week we get paid then I am kicking in the courts.

root

I would be shaming her OP. Stick a notice up in the staffroom, list her workplace creditors and the amounts. You're leaving in 2 months anyway.