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Try to suddenly hint to him/her that they forgot, if they used the money to buy something than a good example of a hint would be "Hey, do you remember that time that you bought that TV for your new apartment, how much was it again?" that should trigger their memories. If the situation is more that they needed it for say a bet than you should confront that person and tell them that they shouldn't have spent that money on that in the first place and that you need them to pay you back, if you don't than they may hide it out of embarrassment.
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My dad had to do this with family members. He sends them invoices in the mail. reminding them to pay. If it's really bad, and they owe a lot of money- hire a lawyer to do it for you. It will cost you but they will know you are serious. there is no easy way.
They haven't forgotten, they are avoiding the subject because they can't/don't want to pay. I am sure when they asked you for he money they were easy to get a hold of and now that it's time to repay.. no word on the subject. They are taking advantage of you and you need to get tough. You are not a free money tree, you LENT them the money and they know it.
Send them a letter saying:
Financial times are hard on everyone lately but we need to discuss this. As of this date, there is still an outstanding balance to be repaid to me. Please choose the best repayment plan that works for you finances. ( list 3 choices) If none of these are better for you I will assume that you can pay X amount every month and I need you to send it to me by the 1st. I was happy to help you during your time of need, but I really need this to be repaid as you promised. Please call me if we need to discuss different payment arrangements.
Sincerely,
you.
good luck my friend. :)
Wiki User
∙ 13y ago
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What does it mean if a bank asks you to get someone to cosign for you?
they want your parents or another responsible adult to say they will repay the loan if you can't .
Is there legal recourse to get someone to repay personal loan?
Small claims court.
Do you have to repay a federal student loan?
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
where can i get a small business loan, that i do not have to repay?
You can take a small business loan, but you will have to repay it or face bankruptcy and having your assets seized. Instead you can pursue a grant, which you do not have to repay.
Can you take someone to small claims court if they refuse to repay a student loan that you cosigned for?
Yes, for Breach of contract.
Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
How would you use the word loan in a sentence?
It is normallyused when somebody needs money but cant afford it and asks someone else and repay it after use of it
What is meant by a financial hardship in a loan agreement?
Financial hardship in a loan agreement refers to the fact that the person is struggling to repay their loan. They may be struggling to repay to the lender's agreement.
How much time do you get to repay a loan?
depends on the length of the loan. at what you have arranged with your bank, or loan angency
What is the qualification to apply for a loan?
Generally, your ability to repay the loan must be demonstrated.
How can repay lic loan in online?
You can repay the LIc online by making use of you debit card.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
