what will you do if someone does not pay you your money??

India
January 30, 2010 12:21pm CST
well lets see....you have given some money to someone...he promised that he will pay you back after on week,then when the payment day comes he tells you that he needs some more days...you give him some more days but in this way it becomes one month and he is still buying time,everyday you go and he tells you the same old story...what will you do to get your money back??
1 person likes this
7 responses
@saphrina (31739)
• South Africa
30 Jan 10
Well, my little brother. It seems that you can forget about that money. The most important thing that you have to remember, NEVER EVER LEND FRIENDS MONEY. Money and friendship does not go hand in hand in todays life. I am sorry to give you this bad news. Should i come over and slap him silly?
1 person likes this
• India
30 Jan 10
well dont tell that i have to forget about that money??i want it i want it i want it.......but he is not giving it to me..is there no way out??
@saphrina (31739)
• South Africa
30 Jan 10
You can try asking very nicely. It is not nice of him to do this to you. But really, i do not think that there is any other way. And don,t puff those cheeks up for me. I am your older sister, and when i talk you listen. Don,t get upset about this.
• India
31 Jan 10
okey..let him get my money..i will not tell him anything aftyer this to give me back my money...,because there is no other way out.....i surrender
@kyel_11 (1069)
• Philippines
31 Jan 10
hi! Oh it's hard especially when it's your friend, right? Of course if he's you friend, you can ask him nicely. Tell him you also needed money and because of that he needs to pay his debt from you. Just be consistent, I know he'll realize how kind person you are and eventually he'll pay you back. just wait BUT keeps on telling him. hehe :)
1 person likes this
@vandana7 (68638)
• India
30 Jan 10
Hi abhi, money never makes friends. :( If you want to give money to a friend, you should give it for good. If you want to give money for business, always have a promissory note prepared. Each promissory note is valid for 3 years only! So taking a cheque without date for the amount would also be worthwhile. As per Indian Penal Code, a dishonored cheque is punishable with rigorous imprisonment. Hope you've learnt your lesson from this.
• United States
30 Jan 10
It would depend on the amount. If it was sizable I would take him to small claims court. If it was walking around money. I would just forget it and chalk it up to experience.
@dorannmwin (36698)
• United States
2 Feb 10
Well, I learned early on in life that you can't lend someone money if you are counting on it for any reason. Therefore, I don't have to deal with this anymore because I don't lend money to another person. That said, I don't know how much money you loaned to the person, but if it is enough and if you are willing to lose a friendship over it, you could always take the person to court to get your money back.
@Tallygirl09 (1385)
• United States
1 Feb 10
Well having gone thru an identical situation when I was much younger, I don't lend money to friends unless I am willing to never get it back. Alot of it would depend on how much money. If I gave someone say $5.00 US money then I'd likely let it go if the friendship meant alot to me. I'd forgive it but not forget it so never would I loan them money again. If it was a much higher amount, then maybe you could ask for the money in payments. So if you say loaned them $100 they could pay you say $5 a week. YES, it would take so much longer to get it back but you would perhaps be more likely to at least get a few payments. I am sure it would put a huge strain on the friendship since they are in effect lying to you every time they say they need more time. That's why I now won't loan money anymore. When I was younger I loaned a friend about $300 to move into an apt, never got the money back and lost a friend too! If I sense someone is going to ask for a loan then I nip it in the bud by bringing up some financial issue saying it sure is hard to keep up with our bills lately. That way they haven't asked me and I have given them a clear signal not to ask. Good Luck!!! Be well!
@rosekiss (30258)
• Eugene, Oregon
31 Jan 10
Actually, I am in that situation right now, as my daughter owes me a lot of money as I used my credit card to move her here where I am at, and one year later she left as my son in law wanted to go back and live colse to his parents. Needless to say, I am not happy with her, as she has promised to pay me but hasn't. Right now, my son in law is part time at work, and she saiys that once he goes full time, then she will pay me back. I am certainly not going to hold my breath that is for sure. I was hoping she would start paying me once he started working, but she didn't and now I am struggling to get the credit card paid off. I just hope hse grows up and pays me like she said she would. I am just going to keep after her to make sure I get it, as it is very uubstantial amount and I need it desperately. Good luck to you and happy mylotting.