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Defaulted International Loan

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JohnSmith23

Junior Member
Hey guys. I'm new here so go easy. I'm looking for some advice hopefully this forum can assist or point me in the right direction.

Short story, I was doing business with someone in the Country of St. Marteen for about 6 months. He wanted to take a loan out with my company, so we drafted up some paperwork of XXXX, got it notarized and sent over. Once everything was approved, I sent him the money. In total is was a little under $20k USD. He has not made any payments on it yet, and when i contacted him, he gave me the run around excuse and is now refusing to pay it. My question is, since a contractual loan agreement was made between both parties, is there anything I can do legally to get the money back? Or am I at a loss? Any insight would help. Thank you all in advance.
 
Last edited by a moderator:


quincy

Senior Member
Hey guys. I'm new here so go easy. I'm looking for some advice hopefully this forum can assist or point me in the right direction.

Short story, I was doing business with someone in the Country of St. Marteen for about 6 months. He wanted to take a loan out with my company, so we drafted up some paperwork XXXX, got it notarized and sent over. Once everything was approved, I sent him the money. In total is was a little under $20k USD. He has not made any payments on it yet, and when i contacted him, he gave me the run around excuse and is now refusing to pay it. My question is, since a contractual loan agreement was made between both parties, is there anything I can do legally to get the money back? Or am I at a loss? Any insight would help. Thank you all in advance.
Where in the US are you located?

What sort of company do you have that loans out money to residents of other countries?
 

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