Do you know how to collect money from your borrowers?

If I were to let someone borrow money from me I would make a contract and make them sign it so that I could be sure that they pay me back, contracts are always good they are like insurance and you don't feel scared that way you have proof just in case you have to take it to court because that has happened to many people, but they are unable to prove it so that's why contracts are always needed no matter what. Well this is my opinion.

I'm not as great coz very rare that my energy boosted to tell. Most of the time I ignored it coz I'll be the one who got shy, but they can't do it again to me. They'll never owe me again nor borrowed something.

I am a victim of people who borrows money & never knows how to pay. Yes, I regretted the fact that if they all pay me, it is quite big sum of money I could use for other purposes. But on the other hand, I just always keep on mind that it made me happy to help them in their times of needs. And helping others is one the righteous act to do. Honestly, I don't collect debts. I just let them pay me on their own.

I too find it difficult to ask for money back from borrrowers, as I am very shy.However, I do ask for the money back eventually because it has already been agreed apon and it is mine. What I find the most difficult is asking people for money for gas. Most of the time I don't mind giving people rides if I'm going their way but gas can get expensive. I always ask before we go for money for gas but I always feel so cheap asking for it if the person just doesn't just hand it over. I have an ex-boyfriend who owes me a lot of money. He is so bad I just would rather forget about the money and get him out of my life completely. Sometimes its just better to forget about the money and get the negativity out of your life. Here is a link to an article about how to collect money from overdue customers. It may have some helpful tips. http://www.entrepreneur.com/money/paymentsandcollections/collectionscolumnistmichelledunn/article205858.html

Your bf can just tell him he needs the money.

Admittedly, I'm also having a difficult time asking debtors of the money they owed me. Since these people are quite close to me, I get to know their current situation and being very human as I am, once I learn (not through a face to face interaction though) that their really having problems with their finances, I would just let time pass before getting back at them. Unfortunately, it has been a while and I've not seen nor heard from them. It irritates me but what can I do?

Dear friend, It is really a mess if those borrowed people do not give back the amount. Moreover next time we may hestitate or just avoid to give further cash. May be these people have to be tacked more tactically to get the amount. Still at times there people who do not even have any intention to give back, I hope it would be best to forget that cash but make sure next time not to give any amount to that person.

Yeah, I find it some what odd. I am very shy to ask my money back, even though it's my own money and the person that borrows it do not talk or do not return the money for a long time. That's why sometimes I ask another person's help to get it back.

If this person is not talking to your bf anymore then maybe he has no intention of paying at all. Yes', it is true that as a debtor we should not wait to be reminded of our debt. I never forget my debt and if ever I have the money to pay i never waited for them to ask for me to pay. If ever i dont have the money to pay i would tell him/her that i cannot pay at the moment but I will as soon as i can. I have the same experience as your bf. There's one that keeps on promising to pay me but never did until i came to the point of not lending him a single cent anymore even if i have the money. I still talked to him though and from time to time I would ask him if he still remember about this debt but all i can get is that "I dont have the money to pay you right now". But if it is salary day you can find him with his friends in some drinking spree. It's just that it's not worth. There are times that as a lender you are a bit shy to ask them to pay you back. What i would do is text them or chat if it's possible for them to pay me back because i needed the money.

For me I don't know but what idea it is be share.

i know that feeling.we the one who feel shy to him /her while it supposed to be the other way round. i have learned from my experience.now i will still give him/her some time then i will definitely ask them to pay me back.or ask for a reason why they can't do so.what a shame to this kind of people if you can't pay me back let me know don't behave like you got nothing to do with it.

what a shame for the office mate of your bf... anyway, me too...i am not the type of person who can easily collect my borrowed money...i will just wait until the one who lend to me pay back....

According how much money this person owe your boy friend, if its a big amount should as quickly as possible. if just a little money don't need care too much but if have a chance to back the money, must don't be shy. I think ask the money back not a difficult thing you make a small lie such as recent I want to... need some money,could you give it back, I need to buy... the most important thing is no shy at all.