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What should i ask or require when loaning someone money to protect myself in case they dont pay it back?
Wiki User
∙ 13y ago
Get it in writing ! A written agreement is a binding contract protected by law - whether drawn up by a solicitor or just a simple 'IOU'. If you have it in writing and they default, you simply present the evidence to a solicitor - and have them pursue the debtor though the legal system.
Wiki User
∙ 13y ago
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