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crispian22
Original Poster
531 posts
61 months
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To cut a long story short,about 2 years ago I lent a friend(at the time) just over £3100,he was out of work with bills/mortgage etc to pay.
The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up?
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rsv gone!
10,630 posts
110 months
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Small claims court costs about £50 to lodge a claim, I believe.
Firstly, I'd say you need to find some way to get in writing what he owes you. Maybe email him monies lent and paid to date in some inocuous-looking email and hope he replies without disputing the figures.
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crispian22
Original Poster
531 posts
61 months
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Have got some texts from him acknowledging what he owes me and previous dates when he said he would make a payment but didn't.
He's not disputing what he owes but seems reluctant to make any effort to make any payment.
I have a trail for half of it as it was made via online banking but the rest was in cash.
I didn't know if I could use the small claims route as he is living abroad?
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southendpier
3,168 posts
98 months
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Spend some money on getting a solicitor to review what you have and haven't done.
If a contract can be proven then you can get a Legal Charge over his assets (his house). So that when he sells you get the money. I think.
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Mojooo
7,292 posts
49 months
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Debt collection companies work in 2 ways
1) they try to pressure people into paying before court. As this guy is not in the UK I doubt they will have much luck.
2) they can take debtor to court and then try to make them pay.
I believe nayone can use a debt collection company but you might have a hard time getting one to take on a single, personal account which is not even in a written contract.
If he is not in the UK but has proeprty then prob best to take him to small claims and get a judgement, you can then try to put a chargeon the proeprty which means he must pay you back if he sells it (I think) - you may also be able to apply to force the sale - but this might cost money.
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Sarnie
1,864 posts
78 months
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crispian22 said: To cut a long story short,about 2 years ago I lent a friend(at the time) just over £3100,he was out of work with bills/mortgage etc to pay.
The agreement (nothing in writing)was for him to repay the money once he'd settled into his new job in Singapore,6 months tops.
I have recieved £120 from him since he's been back at work.
Every time I ask him when he's going to pay the money back,I get told numerous excuses,ie he's getting payed in cash (even though he works for a major oil company) or someone's cleaned his bank account out.
I also find out he owes several more friends money that he borrowed from and has not paid yet.
The blokes a professional blagger,he left me his m3 to sell for him when he left for Singapore telling me he paid cash (20k) for it,wasn't untill I got a buyer that I found out it was all financed and worth less than the settlement figure!
He does still own a house in the UK that he rents out whilst away.
What I'm asking really if anyone has used one of these debt collection companys with any success or is there a better way of trying to get him to pay up? To use a debt collection agency they are going to need something legal to enforce e.g something issued by the courts such as a County Court Judgment. To get that your going to need to go to court.....
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