As a lender, you have the right to get back the money borrowed within the time period according to the agreement.
Regardless of your friendship, you still have the right to do so.
The difficulty is how to collect a debt from a friend who forgot to pay it off.
Even though there is already a deadline that your friend promised, or it has even passed the limit.
There must be many reasons that sometimes make you annoyed with a friend like that. Although many of you also feel sorry to hear the reasons they delay repayment.
Try paying attention to the following tips on how to collect debts from friends!
Remind Payment Deadlines
Don’t forget to determine the loan repayment deadline.
You and your friends should already know the consequences of late returns.
On your part, you definitely feel disadvantaged, especially when you happen to need money too.
If necessary, make a written agreement between you and your friend as proof that your friend has passed the mutually agreed deadline .
Try to talk nicely with your friends and remind them about this politely.
Notify Needs
If the first method is ignored, you can start starting a conversation again with your friend at a later date.
Tell us about your needs at that time, that you really hope for repayment as soon as possible.
Your money is your right.
So, you don’t need to worry about offending your friends as borrowers.
As much as possible, convey it well and politely.
Get rid of your bad feelings.
Your money is your right.
So, you don’t need to worry about offending your friends as borrowers.
As much as possible, convey it well and politely.
Get rid of your bad feelings.
Your money is your right.
So, you don’t need to worry about offending your friends as borrowers.
As much as possible, convey it well and politely.
Get rid of your bad feelings.
Your money is your right.
So, you don’t need to worry about offending your friends as borrowers.
As much as possible, convey it well and politely.
Get rid of your bad feelings.
Don’t be afraid, you have to try hard to get your rights back.
However, still speak politely with his family.
Don’t be labeled as a cruel and evil debt collector.
Go to his house
This is your last option in collecting your friend’s debt.
Go to his house wherever he lives.
Therefore, the importance of proof of agreement in lending and borrowing.
Because if there is a problem like this, you won’t be confused about finding the house address.
If your friend doesn’t want to pay, you can take the matter to court.
Provided that your friend’s debt is large and requires accountability.
This is an effective way to collect debts from friends that you can apply.
Once again, the methods above apply to quite large amounts.
It’s different when your friend owes you money for lunch, or when you lend them for transport home from work.