friend owes more than $15k.. am I able to find a debt collector to help recover the amount?
A friend owes about $15k (14k++) in money and was initially repaying about $500 a month and was paying for last 6 mths but started to Mia for the last 1.5 months. Either giving holding answer or saying (will transfer tonight but disappears or doesn’t answer when pressed)
Started exploring getting a debt collector but not too sure if its possible if its loan to an individual and what’s the success rate?
Edit : I know there is a lesson learnt here and he usually returns promptly but at this point I’m not asking for “you deserve it or u shldnt have XXXX” I’m exploring options on getting it back and knowing the success rate/ what to look out for etc
2nd edit for more context: most conversation is via WhatsApp and transfer done by paynow so I do have the nric and (of course) mobile number, so we do have a paper trail.
Normally I will say hey u still owe xxx after ur transfer of (eg) $500 today.
OR it will say hey u still owe xx when u transferring and he will just go ok transfer u tonight/tmr / insert random date here
Netizens’ comments
- Do you first have it in black and white that said friend owes you this amount of money?
In future don’t lend any money you can’t afford to lose completely.