Why Is It So Hard To Collect The Small Amount That I Had Lent

Hey, don't be an emotional lender. Don't make your decision based on how much they begged or how sad their story was or how much they promised to pay you back. Make your decision based on this: can you afford to lend the money and risk not being paid back? When people are in truly rough times (like their house burned down, a loved one passed away, they lost a job, etc.) it might be wise to gift money to them instead of lending it, even if you give them a smaller amount than they ask for. This way you don't have to worry about collecting and you'll know that you did your part in helping them. I hate to say it, but if this person is making such an effort to dodge you, then you probably will not ever see this money. You may have to cut your losses and move on. You said it was a small amount anyway, right? This person is not reliable as far as loans go. If paying you back was a priority, you would have already received a payment.

I might be wrong but maybe your neighbor isn't planning to pay you back anymore. I've had other people like this, even friends. I've lent them a small amount of money but once I ask for it, they say they don't have money. Although it was way back during gradeschool so, as I've said, I might be wrong.

I totally understand your feeling. Money is the thing that easy to lend but hard to get back. Honestly, there is no easy way to get back your money. And you have to be prepared that you will not going to get back your money. For me, the best way is don't lend money to anyone.

Insert a note under their door or paste it right on their door. Better yet go to a lawyer that can draft a demand letter for you for free so that they will be threatened to pay you. Whether or not you had those lent money in writing, a contract is consummated the moment you had a verbal understanding. So make a demand letter and give an ultimatum on when that person should pay you. YOu should you're willing to receive partial payment so make a draft of when and how you should be paid.

There are some people that should never be lent money. I wish I could know those people before lending them money. I had an experience similar with yours. It took me almost a year to take back my $100 that I lent to a "friend". She started to avoid me because she knew I was going to ask her to pay me back my money. I won't ever lend her money again! It served me as a lesson. Now I am more careful when I lend money to somebody.

I think you would be lucky if you ever got it back. Sorry to say. My thought is if they need to borrow money, then they can't manage their finances very well to begin with. Remember each month the bills still come in and need to be paid. The money you lent them is extra that they cannot afford. Good Luck and Best Wishes!!!

The best advice I can give you is don't depend on this person to pay you back!!! He is probably at home every time you go to get your money. but he doesn't have it & is too big of a coward to tell you to your face!!! Most people who have legitimate money problems can borrow money from their bank. If the bank won't lend them money, then you should think twice about lending it!!! Many people are just not good at handling their money & when they borrow from you, they still spend it unwisely. I used to loan small amounts of money to friends...that is until I learned that I'd NEVER get it back!!! Now my rule for myself when a friend asks to borrow money is "do I have this money to give away???" OR "do I really want to lose this friend???" If the answer is no, then I say "I'm sorry, I just don't have it". You can be sure that if you don't give it to them, they will just ask somebody else for the money until they get it!!! It took me a while to learn how to say "sorry" but I now make it a practice to NEVER loan money to anyone!!!

I have been in the same situation like you, my siblings particularly my brother and sister always lend money to me. My sister lend money but only few paid back, I am used to that while my brother and his wife also lend money to me and many are not paid back. They do not prioritize to pay me back while I take the risk of giving them the money that I also need for my food and transportation allowance. I end up lending money to others or pulling out the crisp paper bill that I am saving.

My friend, consider it as a lost money. When I lend a small amount to a needy friend i do not expect so much to be paid for it anymore. Nor will i ask for it. I would just wait for it. But if it seems that it cannot be paid anymore, i move on and resolve not to lend anymore. BUt maybe you could ask for it. But if you still find him to be not always in his place, you know the answer.

Really sad situation. I have same situation friend and I also have no idea how to take back the money. I asked for it once after a long time but the person pretended something. what should one do in such situation? Let us find it together here. Good Luck.

This is a really difficult situation to be in. I have always found that it is really difficult to lend money to friends or people you know because it always becomes very awkward when you have to ask for your money back again! So I would say that you should try not to lend money to people in the first place if its possible. Now to get your money back I guess the only thing you can do is keep going to your neighbour and make them aware that you are not going to back down until you have your money back.