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  1. #1
    Join Date
    Jan 2009
    Posts
    1

    Default Verbal Agreement for Loan

    I am doing this for a friend, as she asked me to look up this information on her behalf. Both parties involved live in Indiana. Several weeks ago (more than a month) she loaned $140 to a friend of her's with the understanding that he would pay her back when he was able to. About two weeks ago, she told him that she was going to be needing that to be paid back soon. Since then, none of her texts or messages has been returned by him until today, when someone claiming to be his (apparently new) girlfriend text my friend back to tell her that he doesn't owe her anything, and to stop harassing him, along with indicating that her dad is a cop. My friend will never talk to him again if that is what they want, she just wants her money back. The only proof she has the atm receipt for the $140 from the town where the friend lives, which is on the other side of Indy from where she lives. What are her options, if any?

  2. #2

    Default Re: Verbal Agreement for Loan

    She can try to sue for the amount plus court costs in her local small claims court. She'll need to establish that the money she withdrew was actually given to him, and that he agreed to pay it back. It's not going to help her case that the agreement was only verbal, AND that there was no set time frame for repayment. "When I can" could mean anything from tomorrow to ten years from now.

    NEVER NEVER NEVER loan money to ANYONE without something IN WRITING!!!!!!

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