In interpersonal interactions, borrowing is a common phenomenon. However, if the money lent is not recovered for a long time, it will not only affect the personal financial situation, but may also lead to the breakdown of the relationship. In the face of such a situation, it is essential to take reasonable measures.
Understand that the original intention of borrowing is out of trust and help, but when the other party delays repayment, the first thing to solve is through communication. Having an honest and direct conversation with the borrower in private and expressing your concerns and needs can often prompt the other party to face up to the problem and solve it as soon as possible.
If private communication doesn't work, then a written dunning can be considered. Send a formal demand letter or text message or email to record the fact of borrowing money and the process of urging repayment, and these documents will play a role in the subsequent possible legal proceedings.
If none of these efforts work, you may wish to seek legal recourse. According to the Contract Law of the People's Republic of China, the creditor has the right to require the debtor to perform the repayment obligation as agreed. A civil lawsuit may be filed with the people's court to request the court to order the debtor to repay the debt. In this process, it is important to keep all the evidence, such as IOUs, transfer records, etc., which are the key to supporting the lawsuit.
In order to avoid falling into such a dilemma again in the future, it is advisable to sign a formal loan agreement when lending money, and specify the repayment date, interest, etc. Also, try to avoid large unsecured borrowings to mitigate potential risks.
When dealing with the problem of non-repayment of borrowed money, it is necessary to start with communication and negotiation and gradually escalate to legal channels. Throughout the process, stay calm and rational, use the law reasonably to protect your rights and interests, and at the same time learn a lesson, and be more cautious in your money transactions in the future. Remember, while protecting your own rights and interests, you should also respect others, so that every loan and repayment becomes a reflection of the integrity and responsibility of both parties.