Lending money to friends & family

Apples2

lightning87 wrote: »

I have said I will bring the receipts to him, show them to him and then take them back but he is having none of it. He wants me to post them to him and has even said that he will then get rid of them! I don't want to lose my proof and have therefore not sent them as yet, but he has said that without seeing them, he won't give me a penny.

Why don't you send photocopies?

shedhead55

I lent a (now ex) friend £5500 as a deposit for a new van in 2006 and being a kind hearted idiot later lent him a further £3000. 6 years down the line I've had less than £100 back. I've met several other people owed money by him and he shows up on the insolvency register as being in an IVA, I've spoken to the IP concerned but without proof they refuse to cooperate, and furthermore the guy has now moved away to an unknown address.

I've long since given up hope of recovering anything on the basis that you can't get blood from a stone and just put it down to experience.

GDB2222

shedhead55 wrote: »

I lent a (now ex) friend £5500 as a deposit for a new van in 2006 and being a kind hearted idiot later lent him a further £3000. 6 years down the line I've had less than £100 back. I've met several other people owed money by him and he shows up on the insolvency register as being in an IVA, I've spoken to the IP concerned but without proof they refuse to cooperate, and furthermore the guy has now moved away to an unknown address.

I've long since given up hope of recovering anything on the basis that you can't get blood from a stone and just put it down to experience.

You were too nice, I'm afraid.

magic57

shedhead55 wrote: »

I lent a (now ex) friend £5500 as a deposit for a new van in 2006 and being a kind hearted idiot later lent him a further £3000. 6 years down the line I've had less than £100 back. I've met several other people owed money by him and he shows up on the insolvency register as being in an IVA, I've spoken to the IP concerned but without proof they refuse to cooperate, and furthermore the guy has now moved away to an unknown address.

I've long since given up hope of recovering anything on the basis that you can't get blood from a stone and just put it down to experience.

Sorry to hear that but it's kind hearted people like you that make the world a better place. I'm a firm believer in what goes around comes around.

shedhead55

Thanks for the kind words although I am certainly not looking for sympathy. We learn from our mistakes but hopefully don't fundamentally change as people. I now know from this thread that similar things have happened to many others and some have lost more than I. At least I was in a position to have not suffered badly as a result.

John_Pierpoint

If you really want to spam the forum how about these all on the first page of google and all intended to make financial misery, really awful, for those unable to face reality; when the ridiculously high rates of interest get a grip.

money loans today
quick cash loans today
loans today no fees
unemployed loans today

cash loans today for unemployed
cash loans today
bad credit loans today
fast payday loans today




http://www.money.co.uk/payday-loans/instant-payday-loans.htm

In some ways the rate of interest demonstrates the risk that an unsecured creditor faces over loans to the can't pay, won't pay sector.
[Once upon a time I banked with Barclays - I wanted to borrow a large(ish) sum of money over a week - 10 days. I could have got it out of a building society account but there were penalties.
Just as fast as any tally man - Barclays had my pass book off me and produced the building society withdrawal form for me to sign.
Obviously as they now had security the interest rate on the overdraft was reasonable.
Banking "culture"? I'm not sure! ]

In the final analysis it is the borrower's responsibility to understand simple maths and make their own decision. Those shamelessly prepared exploit their friends and family should be judged for what they are.

geordie_mick

During our relationship, I helped my ex with her debts by balance transferring to a 0% card. This was on the understanding that she would pay it back, and she has paid about half.
Since we split there was approx a year where no money was forthcoming, then she started paying me back again. The payments continued for about 18 months.
I have seen nothing for 3 months now and she has stopped replying to e mails - the debt currently stands at £3.2k
I don't know where she lives but I do know her mothers address and where my ex works.
As a last resort, do I stand much chance by going to the smalls claims court with this info? I have kept all e mail correspondence with her (where she acknowledges she owes me money) as well as the original debt information.

andy.m_2

If you win and she has no money, you do not win.

You may be better off telling her mother that you do not wish to go to her place of work with a debt collection agency but that she has left you no choice and that without any contact within 7 days you will go to her work.

Try to shame her into paying.

GDB2222

I think that you would probably win the small claims case, based on that info, but as andy say you can't get blood out of a stone. If she is working, you can get an earnings attachment order from the court, so a bit of her wages gets paid to you each pay day. But don't expect to collect a lot that way.

Alexi.Olva

Best advice i would give is to go to no win no fee company and see what they would have to say about that