Timeline for What should I do when my friend doesn't pay back a loan I gave him?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
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| Jul 30, 2019 at 14:16 | comment | added | Jay | @ShinTakezou Ok, probably true. I suppose the court records are public, I don't know the details. But I think the fact that they had lost a lawsuit and never paid shows up on their credit report, and others thinking of doing business with them in the future will have access to this information. | |
| Jul 30, 2019 at 13:23 | comment | added | ShinTakezou | Could it be helpful to other people if they check the legal situation of this former tenant of yours, or is it not on public records? If it is public, you did good to sue him anyway, so that at least theoretically he less likely will have the chance to do it again. | |
| Dec 6, 2018 at 17:44 | comment | added | Jay | @EricLippert Yes. Note I said, "If he doesn't have the money", etc. I used to own a rental property and I had a tenant who trashed the place and did $10,000 damage. I sued them and won ... and I have never seen a penny. Friends have suggested I try to track them down. And I said, yeah, I could hire a private detective or some such, but unless they just won the lottery, I'd still get nothing, plus I'd have to pay the private detective. Even if I did the legwork myself, I'd spend all kinds of time and probably get nothing for it. Better to just write it off and move on. | |
| Dec 6, 2018 at 1:28 | comment | added | Eric Lippert | The other problem with "take them to court" is that it violates the fundamental principle of lawsuits, namely, only sue people with money. Suppose you win your case against someone with no money: now what happens? You're in the same situation you were in before, trying to collect, but with legal fees to pay. | |
| Dec 5, 2018 at 16:52 | history | answered | Jay | CC BY-SA 4.0 |