Dealing with debt can be a harrowing experience, especially when it involves a close friend who owes you a substantial sum of money. In this article, we will explore a scenario where a friend borrowed $60,000 back in June 2020, and the repayment has been sporadic, causing frustration and strained relationships. The borrower’s recent decision to block communication on WhatsApp has left you pondering your options. Is it time to seek professional assistance to recover your money? We’ll discuss whether hiring a lawyer or opting for a debt collector is the best course of action.
The Borrowing Dilemma
How to recover $60,000 from friend
A close friend borrowed $60k from me back in June 2020 and he has been returning me in small payments like $500 every one two months. I am running out of patience waiting for him to pay me back plus recently he blocked me on whatsapp. That’s the last straw and so I want to engage a professional to collect the debt back. Getting a lawyer will cost me up to $15k as this would be considered a civil case so I want to check if going to a legal debit collector is cheaper? Any good recommendations or experiences which anyone can share with me would be deeply appreciated?
Here are what netizens think:
- $500 every 1-2months continually is actually quite decent tbh. Understand that you want your money back asap but have you asked him how was his financial situation like? I wouldn’t push a friend who is already in financial hardship that hard, and drive him or her up the wall. No wonder he’s blocked you.
- If there is no legal contract, what you need are competent debt collectors, not lawyers. 50/50 split.
- Lol few hundred also hard to get back.. let alone 60k