money

[transporter7]

i lent someone some money and they agreed to pay back �500 per month on the very first installment they paid �100 and then again inthe second month the same again is it some type ofraud or deception or theft thak you i have now passsed onto a debt collection compant as they was telling me that many lies after i lent the money to them

[sara3]

small claims court? is there any paperwork?

[sn�gs]

Anything written down between the two of you or just a verbal agreement?

[transporter7]

yes we had an agreement

[sara3]

verbal or written and signed?

[transporter7]

written agreement not witnessed though

[sara3]

if it's a large sum of money I'd say see a solicitor, otherwise CAB.. or take advice from a Small Claims Court.

[sara3]

http://www.hmcourts-service.gov.uk/infoabout/c laims/index.htm

[transporter7]

i have passed onto debt collection company for them to take the hassle

[sara3]

I'm sure it's not a criminal matter, so I don't see what else you can do.

[transporter7]

i know but it is legalised theft it still grinds me down ther should be some law to help out here

[Barmaid]

Right it is not theft. It is contract law. Your remedy is for an "unpaid debt" through the Small Claims Court. You can do this through Money Claim Direct (online). Once you have got judgement you can enforce through court bailiffs/attachment of earnings/charging order.

[transporter7]

i know but my point is it was a large sum of money and she is trying every means possible not to pay as she wants to pay the smaaleest amount ie �75 this is unfair yes it is better than nothing

[hc4361]

Getting the judgement is one thing, enforcing it is another. It's by the by, anyway, as you have already sold the debt.

[transporter7]

no i have not sold they are managing for me

[stonekicker]

and the moral of the story is...never lend people moneyto you know,. its wrecks frindshps/relationships and that;s what banks are for,. if the bank won't lend it - there's a goodreason why...

[flyingpig]

My dad gave me a very good piece of advice. Never lend money because you only end up asking for your own money back.