Family member owes money
- Thread starter Downtime
- Start date
How close is he? If it was me, I'd let him keep it. There's a saying, can't remember who said it: lend friends money, but give money to family.
What is the exact relation to this person and what was the money for?
And do they actually have the means of paying you back? Might not even be worth your time.
And do they actually have the means of paying you back? Might not even be worth your time.
Forget it…. Never lead a family member any more than you are willing to give!!!
Never large amounts but small amounts tend not to come back, neither books nor money.
The disagreement was a setup to make tension between the two of you.
He said take him to court, Let's do it.
Don't get me started. Oh you already did. I "lent" somebody $9000.00 7 years ago. Was meant to be for a couple of months. They occasionally send me $1000 every now and then. Like once a year, but I put the loan on my line of credit so I have been paying the minimum payment/interest every month. Have a ring binder with all 7 years of monthly statements printed out showing the amount of the sum plus the interest every month. I think the person. she. has come to the conclusion that it need never be paid. Just one of those situations in life that exists without resolution.
You should have asked to add your name to the title deed / house.
Even if you take him to court he doesn't have to pay. But the court will issue a paper which you go to another court to issue a lien on the house. Then keep an eye on the house if he ever sells.
Now someone in Kingston did this but they went further by either seize the house or mortgage the house. In the long run I assume it cost 2-3 k.
Take him to court use a paralegal. That could screw up his credit score.
Never lend money to friends / family as post #2.
This is small claims court amount. You can do this yourself. If you have texts as you describe he is basically admitting he owes you and wont pay. Evidentiary rules are less strict in small claims court if you get the judgment yes you can put lien on the house. Make sure rest of family knows you lent it, you were patient in asking for repayment, but then he was an ass and dared you to sue him. So you did.
If you win/get the $$ back under this scenario I will take a 2 hour duo of MPAs of my choice
If you win/get the $$ back under this scenario I will take a 2 hour duo of MPAs of my choice
If the money was a small amount of only a few hundred bucks or so, then forget about it. The fault is yours for lending that amount with some sort of signed loan agreement. IMO you only have 2 or 3 choices: Consult a lawyer to see if it's worth pursuing, forget about it or go to court to get the money back (if the lawyer says so).
The worst people to lend money to are friends and family, especially if their ability to pay back is questionable.
And yes, families have taken each other to court but the end result is a majority of the families stay divided.
LTO_3
The worst people to lend money to are friends and family, especially if their ability to pay back is questionable.
And yes, families have taken each other to court but the end result is a majority of the families stay divided.
LTO_3
I assume that this ' real small stupid disagreement' would not receive the same description if it has split the family and resulted him refusing to pay back a loan he could easily afford.
Since anonymity is a defacto condition on this board - can you tell us what the disagreement is about ?
If you have it in writing them agreeing to pay you back, then I'd say you have a good shot at getting it through small claims court.
As a general rule of thumb, though, don't lend money to family and friends unless you're okay kissing it goodbye. This is why I've never lent more than a few hundred bucks to family/friends. Ironically, I borrowed $20K and $6K from two different family members back when I was younger, in order to get me going, without any kind of written agreement. But I paid those back, with a small bit of interest (the $20K one didn't request the extra, but I thought she deserved it).
As a general rule of thumb, though, don't lend money to family and friends unless you're okay kissing it goodbye. This is why I've never lent more than a few hundred bucks to family/friends. Ironically, I borrowed $20K and $6K from two different family members back when I was younger, in order to get me going, without any kind of written agreement. But I paid those back, with a small bit of interest (the $20K one didn't request the extra, but I thought she deserved it).
You might want to look into a lawyer. It's probably your best bet. Perhaps a drafted letter from a laywer will scare the shit out of him. It might be beneficial for the laywer to state all legal fees will be passed to the family memeber you're fighting againts. It costs about 200-300 for a consult before comitting to one. Swallow that pill and hope the lawyer can give you some clear guidance for that 1 hour. It wouldn't surprise me if the lawyer adds interest to the lent money as well. Also you can get your questions anserwed about small claims court. I know it sucks forking over the 300.00 for a consult but you might abtain the information you need to succedd.
As soon as someone sees a letter from a laywer they begin to shift in their attitude and approach. Something to chew on.
As soon as someone sees a letter from a laywer they begin to shift in their attitude and approach. Something to chew on.
Take him then...fuck that...sure he's family but he should also think you're family and give you back your money. When family borrows money from me, i normaly lend what i know they're capable of paying...I'm a generous person and family knows not to burn this bridge...
Then do it. Take him to court and make him pay or he loses the house you got him.
I had to take a family member to court. It was a pain, and the relationship is completely over but I don’t regret my decision at all.
So he simply took something I said the wrong way and blew it all out of proportion and won’t even talk about it. I have tried over 10 times to get him to talk but he won’t even acknowledge me. You guys are all right never lend money to family. Ya never know how money changes people. At first they are so nice until they get the cash.
