How do you make people pay you back the money they owe?

Answer 1

If you have any type of documentation or proof (in writing or verbal recording), you can file a case in small claims court. I have a situation such as that and I have emails where I made sure that I stated the exact amount owed to me, what each amount was owed for, the approximate date that transactions occurred and I asked when the money would be paid back. Since the person responded with "I will pay you when I get the money" and they did not dispute any of the information in the email, that is proof of them admitting to owing the money. Try to get what you can in writing, on tape, via email, however you can get it so that you will have something to back you up and take them to court.

Answer 2

I'm in the same boat with a relative. If they are having trouble affording things, it usually is poor money management and/or that they want things that are beyond their means.

Hard as it is, loaning these people money is like giving it to them. You will not ever see it paid back. Once you learn this for certain, do not give them any more, ending the vicious cycle of supporting this behavior.

If you have lent someone money, you need to be persistent in reminding them. Often times people may simply 'forget' that they owe you. And of course it can be rather uncomfortable to tell friends or loved ones that they owe you money. One option is to use web-based reminder services such as http://www.PayMePlz.com to send automatic email, sms and voice reminders to people who owe you money.

If you have a written agreement or other paperwork, you can take them to small claims court or put a lien on their property. Still, chances of repayment are slim to none.

Answer 3

You should confront the "borrower" asking about the money. If he or she does not respond show them the facts. The fact that they took money from you and never returned it. If this happens to you and you never get your money back it could possibly ruin your friendship and/or trust for that person.

Answer 4

Unfortunately, unless a contract was signed by both of you then you might as well have put wings on the money. There are certain people that may borrow $20 - $50 from me and if they are in a bad way I know before I loan the money it's "bye-bye." Therefore, before giving money to someone I weigh the consequences.

Answer 5

Take them to the small claims court. It's either that or cut your losses, learn from your mistakes and move on- wiser.

Answer 6

It depends on who you lent it too, but at first you ask for it back and if they continue to refuse you can take them to small claims court and try to fight it out and get your money back

Answer 7

small claims court