Lending money to friends and relatives

MEM62

catswhiskers1175 wrote: »

how can I get my money back..

Chances are you will not.

Write it off and chalk it up to experience. It is quite possible that your daughter will come back to you at some future point in financial distress again at which point she will find our the cost of her actions.

Voyager2002

Send her a sympathetic letter asking about her current financial problems, and life generally. Try to extend this dialogue to build a picture of her current financial position...

If she is really struggling so that a pound a month is all that she can afford, then at least you will have that confirmed. Otherwise it might be possible to agree a more realistic payment level. At any time you could of course take her to court, but unless you are then willing to send in the bailiffs the worst that a court could do would ruin her credit rating, and by the sound of things that has happened already.

27col

I'm sorry, but this is unlikely to end well, I feel.

foxy-stoat

Let her know that if the debt is not repaid in full as per your original agreement then she will be removed from your Will and get on with your life, you might like to say that she WOULD of received £100,000 or whatever out of your Estate. That may change her thinking.

Hopefully she will lend money to somone one day and they will not pay her back!