Lending money to friends & family

Carmex_Fan

I leant my best friend money, ahe kept shopping and buying loads of things and never said anything about oweing me money- even when she knew I was out of full time work and having difficulty paying rent.
It ended in an argument, but I got my money back- and we are no longer firneds, it will be a year at the end of August.
This year my friend paid for me to go to NYC and it came to £320, I still have not paid her back and she is saying I can pay her bck whenever. I intend on paying her back in full- even it means in installments. I need to start this month because I feel like it is hanging over my head- even if she is laid back about it.

MABLE

danielnufc wrote: »

Just a quick question

Can you use call recordings in a small claims court without the consent of both parties?

DEFINATELY NOT.

Incapuppy

Spam by idin reported

niaz2

hello
thanks to you that have a nice link

this is useful.

markjoneswfm

i do feel sorry for u, pepole do mistakes and hopefully u have learned from this experience good luck.

cheers mark

steve22

It is very hard to answer the question Lending money to friends & family is right? Because sometimes it may happen that we may know them personally be it is very hard to judge them.
But in you case if you have given money through word of mouth then i guess you cant do anything....! If you have taken any written statement it would help you. Does any people were there as a eye witness...!!!! I guess even they may help you.....

shadowspy24

Even the person who you think is very trustworthy can indeed screw you over. So as most people have said, DO NOT LEND TO FRIENDS AND FAMILY and if you do make sure you don't do it verbally. With recording technology in mobile phones nowadays at least film the handing over event so you have proof. It will make them more likely to give it back as they know you have proof.

The reason why people still lend is because the borrower uses all kinds of sneaky tactics to extract money. They will use sob stories, emotional blackmail etc. Even the most cold hearted person sometimes finds themselves handing over money in such a situation. The borrower usually pesters the lender prior to lending but after getting the money the will vanish off the face of the earth and you will be lucky if you can get a phone call off them. It usually takes FBI assisstance to track them down, so make sure you know where they live.

One final thing: If you have savings, for the love of God, DO NOT TELL PEOPLE as this will make you a likely target. I made the mistake of telling people how much i had once, next thing i know there are so many people queuing up asking for the money. It's very hard to say no because the most common excuse people give for not lending is that they don't have the money and if they know that you do have the money, then you will only have lame excuses left to give.

aliceanne

http://forums.moneysavingexpert.com/showthread.html?p=14859539#post14859539


need help on this new post

Lucy_loo_3

I lent my Daughter £2,500 4 years ago saying she would pay me back. She has never paid a penny back and now says it was a gift. Can I take her to the small claims court? I do not want to do this but my Husband and I are not well off and need the money back. My Daughter works full time and so does her Husband and can now afford to pay us back but she refuses.I have nothing in writing.

language_2

He was acting on his own, the company is a very good companyh and had nothing to do with this.