Money loan to friend

[suzeeni]

What can I do about getting the money back when there is no proof I lent it. There were no witnesses and no written agreements. I lent £1,000

[4getmenot]

baseball bat?

[paddywak]

I'm sorry to say it but if your ex-friend refuses to pay the loan back 4getmenots' sugestion might be the only option

[snags]

''no proof I lent it''

An expensive lesson learned I'm afraid...

[themas]

You can threaten to take the "friend" to Court for recovery of the loan. If you did start Court action you would have to pay a Court fee, which would be added to the debt if you won. (Look at HM Courts Service site for details of procedure etc.)

Whether you would win would depend on whether the judge believed you or believed your "friend" - who, I assume, would deny the loan was ever made or would pretend it was a gift.

If you have any evidence at all - eg did you pay by cheque (if so get a copy from your bank); if you paid by cash did you withdraw £1000 from your bank just beforehand (again, get a copy of the transaction document or bank statement) - make sure it is submitted to Court, & also make sure the "friend" knows you have it & will use it if you have to. It may make him/her decide to repay you without the hassle of Court action.

Don't make the mistake of thinking that there is nothing you can do, even if you have no firm evidence. A verbal contract is still a binding contract - the difficulty is in proving it & a lot will depend on the judge's view of your truthfulness & your "friend's" truthfulness.

[Vagrant]

The person you lent it to is not, and never was, a friend ...

[AlBags]

If you can get an agreement with the person you lent the money to in company of an (unconnected) third party, you will have a chance at court (providing that third party does not mind appearing)

[ummmm]

Have you asked for it back? What did they say? Have you offered for them to pay you in installments?

[sandyRoe]

Lend money to a friend and you lose both

[ummmm]

Not always....

We have a few friends that owe us quite a lot of money. We're all still friends. I don't think OH is bothered if it's never paid back. He helped his friends out....he would hope his friends would help him out in times of need.