Loan to Other
posted by XYZ on Wednesday, January 9, 2019
Dear Advisor,
I have given the amount as a loan to one person through one of my friend before six month ago.
I have took all terms and condition on paper also. but now is a playing to return the amount.
Hence I would like to get the advise for recover my amount.
Regards,
Posted On
1/9/2019
1:51:31 AM
by
Peace Maker
Nothing can be done legally. Only you can get it in a friendly way. Its all your own responsibility. We have no idea what are the the terms and condition you have taken from him. Follow that terms.
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Posted On
1/13/2019
9:14:20 PM
by
B E
legally you can not do anything. if at all you TRY to file a case then you will end up in deep trouble.
I have heard that in this kind of business the person lending the money collects the passport of the person whom he lends it to. I am not sure how true this is.
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