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stress trying to collect on a $15000 loan
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I really need to vent. We are having trouble collecting on a loan from a former friend. I was at least able to find her on Facebook and send her a message. I do not know where she lives. First I would have to send several messages just to collect $25 per month. Then we would meet somewhere for me to collect the money. Now she has moved to an hour drive away and I don't have her address. I couldn't get her to respond on facebook until I advised her I would have to contact a lawyer if she would not contact me. I would have her tracked down. So she comes back to me saying she doesn't know what I am worried about as she has always paid me. She only pays me when I get the least bit threatening. So today I advised her that effective Jan 1 2010 her payments will be $100 per month as we took out a loan for her and we are accruing $75 a month interest. She is on disability for agoraphobia but when she lived with us she had no problem going to bars, casinos, stores and driving around in a car. What I did find out that she was doing cocaine in our house. Then I tried to kick her out and she threatened me. Long story short she has been out now for a few months. But she pretends she doesn't understand what I am talking about when I message her about her loan. ie She says she doesn't understand about the interest. She doesn't want to understand that we are accruing interest month because we are unable to make the full payments each month. I've tried to cut it short here so I don't know if I am making sense. She just messaged me a short while ago and I am so frustrated. Has anyone had a similar problem. Or do you have any suggestions on what I can do?
Posted on 11/01/09, 08:11 pm |
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Sorry to hear about your situation Sherie.
Depending on what type of loan and conditions you both agreed upon as well as what you both signed and w/ her on disability it might be hard or almost impossible to get your loan back depending on where you live. Not sure if you have been keeping records or not, but each time she pays you be sure to write her a receipt and to keep a copy for yourself, in case you have to go to court. That way it won't be your word against hers when you are trying to get your money back. Also, if the type of loan you took out is one that she co-signed I'd be sure to find the original copy and keep a record of that too. As well as the statements regarding the raise in interest. And your Facebook conversation w/ her if you can print it out so, that she can't claim that she wasn't notified in writing or verbally of the interest rates going up on the loan From your post, the only potential problems I can see is that your former friend might try to squirm out of owing you the extra money in Jan especially if she can't pay you the $25 a month she owes you now. and that you might have to take her to court. Not to mention, w/o knowing where she lives serving her papers might be difficult depending on your area. I know some areas go by a person's last known address, but since she was staying w/ you, that's a bit harder Its a shame that you don't know someone that knows her that could tell you where she lives or at least the neighborhood so that you could get her address. Lastly, if you definitely decide that you want to go to court, and can find her address, (or her social security number if you had to hire someone) I wouldn't tell her that she was being sued until you've already filed the paper work and started a paper trail. That way she'll have a summons to appear in court. Even if she decides to flee, she'll have a notice to appear on record, say if she ever gets picked up or stopped for a traffic violation. In my state a failure to appear in court can lead to a bench warrant for an arrest. Not to mention the legal fees and court costs that go w/ it. I'm really sorry that you had to go through all this because of a former friend. I really hope that you are able to get all of your money back. 
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excellent advice. She doesn't have many friends. The one close friend she had was the one who told me she was doing drugs. So now she is a former friend of her's as well. Apparently she has left her old life of drugs so she is not hanging out with them anymore. She has told me she quit doing cocaine and wanting to start a new life. But she is a manipulater so I don't want to be a part of her new life. So it might be hard to get $100 from her. Because she has lied to me so much in the past I am keeping a record of everything I can. Our facebook messages I had her confirm that she did in fact understand that in Jan 1 2010 she will start to pay $100. It was like pulling teeth last night. I know her ex husband's name and he is quite high on the police force. He seems quite nice. I met him when he dropped off his son. So I did use this to get her to respond to me. I have just a very simple piece of paper saying the loan amount and her signature and date. (I did this when we were friends) My husband just wants to forget the loan as she hurt us so bad in other ways. Just the mention of her name brings up bad feelings for him. It is like pulling teeth to get $25 from her each month so he doesn't have much hope of getting any more than that.
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One of the ways she hurt us what my dad had a stroke and died a couple of months later. She offered to cook meals for all the family coming from out of town and staying with us. Then she in turn went to my husband and asked him to pay $200 for labor. We thought she was doing this as a friend. Unfortunately, this is just one of many hurtful things. My husband doesn't want me hurting anymore.
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That's such a shame what that woman did to you and your husband. I can't blame your husband for not wanting you to hurt anymore for what she did. She really has some nerve.
But don't worry, if a court can't give you the justice you deserve a higher power surely will. Good Luck! :D
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