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AR15.COM
7/16/2013 10:59:28 AM EDT
I let someone I know borrow $400. The individual lost his job and last I heard was staying with a friend. I don't have his address to send a certified letter to in order to advise him to pay. If I can't send the letter, what other options do I have?
7/16/2013 11:21:13 AM EDT
[#1]
Mark Pfister (the goofy LV weatherman who used to live here) screwed me for $500....I let karma take its course and now he is homeless and last I heard delivering pizzas in Mississippi. Is $400 even worth dealing with courts and time off work?

Posted Via AR15.Com Mobile
7/16/2013 11:46:58 AM EDT
[#2]
That's what I was afraid of. I thought I could just file the paperwork and let the court system handle it since it's $66 to file
7/16/2013 12:41:46 PM EDT
[#3]
sounds like he doesn't have the money anyway, let it go unless you find out he's back on his feet and can pay up.
I've learned to lend money with the expectation of never getting it back, helps with the sting since that's how it usually ends up anyway.
7/16/2013 7:17:45 PM EDT
[#4]
Unless you have so much extra money left over every month after all bills are paid that you can afford to burn it, you have learned a lesson that only cost you $400 to learn.
7/17/2013 3:21:20 AM EDT
[#5]
A demand letter is the first step in the process. Without it, you can't move forward.

Getting the judgement is usually the easy part, collecting afterward is a HUGE pita, unless you KNOW that he has money or property that you can have seized.

Unless you really need the $400, and can afford the fees, I'd just chalk it up to experience.
7/17/2013 9:20:19 AM EDT
[#6]
Quoted:
sounds like he doesn't have the money anyway, let it go unless you find out he's back on his feet and can pay up.
I've learned to lend money with the expectation of never getting it back, helps with the sting since that's how it usually ends up anyway.


Exactly. When I give money to someone, I never expect to see it again.