Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Lending Money verbal agreement

  • 27-01-2014 12:53pm
    #1
    Courtesy Flush
    Banned (with Prison Access) Posts: 1,859 ✭✭✭


    If somebody loaned money to a friend, the friend said he would pay it back, and the friend refused to pay it back is there any recourse that person could take. Is it simply taken to be a gift if there is no written agreement stating otherwise ?
    Or just write off the debt, and the friend ?


Comments

  • #2
    No Pants
    Closed Accounts Posts: 3,347 ✭✭✭No Pants


    Courtesy Flush wrote: »
    If somebody loaned money to a friend, the friend said he would pay it back, and the friend refused to pay it back is there any recourse that person could take. Is it simply taken to be a gift if there is no written agreement stating otherwise ?
    Or just write off the debt, and the friend ?
    I'd say write off both. What documentation do you have to even support that money was handed over?


  • #3
    Courtesy Flush
    Banned (with Prison Access) Posts: 1,859 ✭✭✭Courtesy Flush


    No Pants wrote: »
    I'd say write off both. What documentation do you have to even support that money was handed over?

    Bank electronic transfer


  • #4
    No Pants
    Closed Accounts Posts: 3,347 ✭✭✭No Pants


    Courtesy Flush wrote: »
    Bank electronic transfer
    Okay, so that's better than nothing. Is the amount significant enough that a a court may not believe that it could be given as a gift?


  • #5
    Courtesy Flush
    Banned (with Prison Access) Posts: 1,859 ✭✭✭Courtesy Flush


    No Pants wrote: »
    Okay, so that's better than nothing. Is the amount significant enough that a a court may not believe that it could be given as a gift?

    Its €1500.


  • #6
    kennM
    Registered Users, Registered Users 2 Posts: 603 ✭✭✭kennM


    Courtesy Flush wrote: »
    Its €1500.

    Was anything ever paid back or was it ever referred to in email or text for example?


  • Advertisement
  • #7
    Courtesy Flush
    Banned (with Prison Access) Posts: 1,859 ✭✭✭Courtesy Flush


    kennM wrote: »
    Was anything ever paid back or was it ever referred to in email or text for example?

    Nothing was paid back. Its been about 4 months. I have an email from him giving me his bank details so I could make the transfer at the time


  • #8
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    Courtesy Flush wrote: »
    Nothing was paid back. Its been about 4 months. I have an email from him giving me his bank details so I could make the transfer at the time
    Would it be worth OPs while replying to the email, and politely ask for him to repay the loan, to see if the friend responds with enough to hang themselves, as it were?


  • #9
    kennM
    Registered Users, Registered Users 2 Posts: 603 ✭✭✭kennM


    the_syco wrote: »
    Would it be worth OPs while replying to the email, and politely ask for him to repay the loan, to see if the friend responds with enough to hang themselves, as it were?

    I'd completely agree with this...

    Drop them an email with the original discussion included essentially. i.e. an outline of the agreement and ask when is he/she going to start making payments or pay off the loan.

    Depending on how they respond then you have enough evidence to pursue further. All of my Judge Judy watching coming in useful here :)


  • #10
    Courtesy Flush
    Banned (with Prison Access) Posts: 1,859 ✭✭✭Courtesy Flush


    Its worth a shot, cheers


Advertisement