How can you get the money you lend from a friend who is a bad creditor?

When friends borrows money from me, I only lend an amount I can forget if the person wont pay up anymore. That's why I do not have any problems with it. A friend borrowed 10 thousand from me then and she said that its for her tuition fee. Now, I know how bad she is at paying up.. and how bad she was as a student. She cheats her own parents by making her own " mailed grades" from school. So, I offered her P500 bucks only. She complained " what am I going to do with P500?" I told her take it or leave it!" she did not take it. We are not seeing each other now. If I had lent her that much money, then I will be really devastated by now of non paying friend. Know how that person is also. If she does not pay up even a small amount of money then,she wont be paying a big amount even! :) so, just lend an amount you can forget about after lending her. An amount that wont be painful if in case that amount wont return to you.

It sounds like he really doesn't intend to repay you.. but you could try to be assertive and tell him that you need your money back since you'd be needing it for a very important thing.. Tell him that you have helped him when he was having problems with money and it would be just right if he helps you back.. You could say that it would really help you even if it's just a fraction of the amount until he's able to pay you the full amount. And please don't feel like you are not being considerate.. it is your money anyways. If he insist that he won't pay you back, then just take it as a lesson learned.. at least he wouldn't have the face to borrow money from you again knowing that he hasn't paid you back and I hope you've learned and won't lend him again hahaha.

melcaden0916, I hope that by now and through this bad experience, you will be able to refuse lending people money. Not saying that you should not lend money to someone close or really in needful situation but I think you will need to make sure that you do not go out of your way and pocket to do it. Lend an amount you are comfortable with and do not expect it to be repaid. I know you may be baffled with what I had posted latter but that is the truth because people (MOST) tend to forget their debts and creditors. Disagree? Check the amount of bad debts of your work place and most of all your local banks and credit card debts. From what you have posted, I believe your "friend" is really intending to take advantage of your timidness and get away with not paying you back. As far as friendship here is concerned, it is really up to you whether you would want to continue to be his friend henceforth. You will need to be aware that recovering the money would or could jeopardize the friendship here. Not knowing what the amount involved here, but if it is a big and significant amount then I would suggest that you sit down with him. Lay down your cards, tell him that you've had enough of his pathetic excuses and that he should make good what he owes you. You can suggest installments to breakdown the substantial amount, get him to write you post dated "CASH" checks to be banked in on the stated dates and that he will be answerable to the law if the checks are returned. Because, it would be a cheating case when a person writes a cash check with the intention to bounce it. You can also tell him that he will eventually loose his credibility and reputation in his work place and home if you were to hire legal debt collectors to collect this debt. Be confident, that you'd be willing to loose a certain percentage to these debt collectors than to let the amount be outstanding at your end. I do not advocate that you lawyer up for this as the legal fee is just not worth it. At the end of the day, don't make yourself look ugly by resorting to violence. The least you can do and be sure is that he would not be borrowing from you again especially when he still has an outstanding debt with you. You can also let your circle of friends know what he had done and be wary of his bad credit which should be enough to prevent another of your friend from falling into such a debt trap. Just be firm and move on.

Wow, you come to a bad bad situation to lend your money. If I were you, if the money I lend is just couple of dollars may be I just can forget that & never lend anything again to him. But if the amount is quite huge, I'll search a way to get it back, if it's hard to come back as money, it'll come back as another form try to find something valuable from him to borrow. For example ipod, unused mobile phone, or some precious stuff... Just put it in your house to cover up his credit value. That'll work, if he asked you about that stuff ask back about your money

Sorry honey - You Don't. Consider it a valuable lesson. I did the same thing once.

Well how much money does he owe you? Well if it isn't that much, consider it as a loss. The next time he needs money, don't lend him one. He has proven himself that he can't be trusted.

That's a very tough situation you're in to. I hate those people who borrows something and then don't have the initiative in returning it back especially when it involves money. I've encountered the same situation before but I managed the make him pay me eventually. All I did is keep pestering him about paying me back and eventually he gave up maybe because he got tired of hearing my dialogue over and over again. You could do that or maybe you can time it when you think he has spare money to spend for example when you guys are eating out and he seems to go along with it. Best of luck to you!