Repaid loan

[michael007]

Yes i repaid part of a loan to family member last may. The family member in question asked for cash �20,000.so he would,nt have to pay solicitors 1.5 per cent fee. Was i wrong to do this. A friend told me to send a cheque to his solicitor, I gave family member cheque, for above amount. I still owe him �5,000, which we agreed to be repaid in 2 years interest free. Now i recieve a letter from family member asking for this �5,000 to be repaid in few months [still 12 months left]. I think the amount he told his solicitor i gave was less than i gave him?. Also i did,nt get a reciept off him for money. He did say he did,nt want to pay solicitor 1.5 % on �20,000. How can i find out if he told solicitor the correct amount, i paid him. And is this against the law what he done.

[Gok Wan]

Why is there a solicitor involved? Is what exactly against the law?

[factor-fiction]

Sorry, struggling to follow this. Did you pay cash or cheque for �20,000. If iit was a cheque then you have an audit trail. Why is a solicitor involved? If you are worried then just do it through solicitor- it won't cost you anything

[Whoever]

If you repaid part of this debt by cheque, a record of it will appear on your bank statement, and although cheques are no longer returned to the person writing them, if you contact you bank they should be able to give you a written statement of who the cheque was made out to. I'm unsure why a solicitor is involved in this transaction. If you know who the solicitor is, I would contact them saying there seems to be a misunderstanding about how much of the debt you have repaid and send them a copy of the cheque (if the bank can provide it, or evidence of it being paid via your bank statement). Your query isn't very clear as to whether you repaid any of the loan in cash. If you did, that was a very ill advised thing to do. Always may sure you pay by cheque and get a receipt so that you have a future record and the individual concerned can't come back to you and try to ask for the money again.