How to lend to be paid back

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

If one day they ask you to borrow money, remember this article. A serial entrepreneur told how he himself was burned more than once, borrowing money, and what valuable lessons he learned from this.

Episodes from life

Hello! My name is Oleg, and I lent money.

15 years ago

My relative owes me money. Much money. For many years. I remember, as now, the birth of his second daughter. Happiness. Troubles. As if self-evident - money in debt. Then another. Then a convincing story about the theft of a wallet with company money: "Give it, otherwise it will be bad for me." Then loans and the inability to pay even interest: "Please, save you from credit bondage, and I will give it back." Later. Someday. May be.

2 years ago

“Friend, I have problems. The bailiffs arrested everything there is. Complete blocking of life. This is a dead end. I applied wherever possible. Nothing. This is the edge, brother. Help out. You are a Christian, it is your sacred duty to help each other. Of course I will. There can be no return. You know me, my word is law."

Yes Yes i remember. I said I would give it up. Yes, I’ll give it up, I’ll give it up, only later.”

“I am ashamed, but I risked your money and went bankrupt. I do not know what to do. It's still worse than it was. But my word is the law, I told you, I repeat again: the law."

“I don’t know when I’ll give it … Maybe you’ll give it more?”

1 year ago

"Hey hello! I have an important period in my life. Now you have a chance to start your own business. I saw a niche. Agreed with the landlord. Suppliers are already awaiting payment. There are literally a few hundred thousand missing. Give. I'll give it back in four months. Name any percentage - this is a guarantee that I will not delay. I'm on business. Yes, at least take everything as a pledge. Thanks, helped out!"

“You know something went wrong. I can't deliver on time. Come on later."

"I was out of range."

"It annoys me when you call …"

Silence.

Why is this happening

It's easy to take money. How to go to a coffee shop. People borrow money, and 90% of them do not know how they will return it, and the remaining 10% think they know. What's in their head? What are they guided by, what principles and what morality do they live by? From that moment on, they start having problems and a new "interesting" life.

It's hard to give money. It's harder than denying. Because you know what awaits the person, and, most likely, you will lose him. You will lose a partner, friend, relative. Before your eyes, it will turn to zero. A tense relationship awaits you. Lie. The hard truth. But knowing this, we still lend.

Why are we doing this? Maybe because we understand the price of a chance? A chance to earn money, change something or change. Giving a chance to a person, we give a chance to ourselves to become better.

And if so, then we gave, give and will give chances. Then the question is how to do it correctly, so that later it will not be excruciatingly painful.

How to lend to be returned

Do your best for the debtor to issue you a receipt, in which he personally wrote his passport data, the amount and conditions of the debt, the repayment period. A receipt is always appropriate for small amounts of debt, say, up to 100 thousand rubles.

If they lent over 100 thousand rubles, only a loan agreement can be better than a receipt. And it is good if it provides for a pledge of valuable things or property, such as a car. In case of non-repayment, the debtor will be obliged to conclude a car sale and purchase agreement with you for the amount of the debt.

What to do if the debt is not returned

1. Submit a claim

If the debtor wrote a receipt or entered into a loan agreement, but did not return the money, first of all, be sure to write and mail him a claim with a demand to return the debt. In the claim, warn him about the prospect of litigation, compensation for state duties and court costs, debt indexation and payment of interest at the refinancing rate for the entire period of delay. Now the debtor has 30 days to settle, during which the probability of repayment increases to 50%.

2. Write an application for a court order

If the previous method did not help, after 30 days, feel free to write an application for a court order. Further, bailiffs will act in your interests. The probability of a return rises to 75%.

3. File a claim

If this did not help, long live our court, the most humane court in the world! In this case, the probability of a return increases to 99%. But it is worth remembering: if the debtor has no sources of income and property, the story may end in nothing or stretch out for an indefinite period.

4. Concede the debt to professionals

Under the contract for the assignment of rights of claim, your debtor will become their debtor, and you will receive your money minus remuneration.

Well, and, perhaps, the last two options, if there is no receipt or loan agreement.

5. Make the debtor himself genuinely want to pay back the money

It's complicated. Not everyone will succeed and not everyone will work. The task is to convey to the mind of the debtor that there will be no luck, no luck, and, consequently, no success with a bad debt. To turn fortune to face you, you need to free yourself from debt. With this understanding of the situation, the debtor changes his thinking and makes super-efforts to free himself from clinical failures.

6. Sorry

This is very important for the person who gave the money. Forgiveness means a new stage in the life of the giver. The thread with the debtor is broken, which is psychologically difficult. She constantly reminds of duty, of a person who ceased to exist for you. She is exhausting and does not allow to live in peace. When you cut it off, you cut off all the negative, erase the whole history with an eraser. You have a clean sheet again, and you can apply new bright colors to it.

These are incidents from my life. How many stories like that? I'm sure you have it too. It's time to share.