Other alternatives?

[pinkgirliee]

What is the name of your state? CA

In August 2005, my sister and bro-in-law had asked me to let them borrow $6000.00. So far, since this past August all they've paid me was $100. Now we're not on speaking terms and I know they're not going to attempt to pay up. What are my options or are there any suggestions on how I should approach them regarding this without having to go to court?

 

[seniorjudge]

Q: What are my options or are there any suggestions on how I should approach them regarding this without having to go to court?

A: Ask them, "When are you going to pay me?"

 

[Betty]

I agree with sr. judge - call and/or write them & ask when you might expect payment - if you would have to take them to court, you want to have something to show re your efforts to try to collect. I know it's hard to take relatives to court but if you want/need your money, you may end up having no choice. Did you have a written agreement/contract drawn up re the loan indicating amt., any interest to be paid, payment dates & possibly re any collateral/security? Did you have a lawyer involved in drafting of the agreement/contract to protect your interest? This would all help also if you went to court - you want the court to know it was a loan & not a gift. Sometimes loaning & getting loans from family members works out quite well - sometimes not - they can put personal relationships at risk & due to the "cozy" nature of such loans some people may be lackadaisical re repaying the money. Other than keep calling & writing them asking for your money I don't know much you can do w/o going to court if you don't get it. Good luck.