Personal Loans

What to Do When a Friend Owes You Money

Did you loan money to a friend, family member, or co-worker but now they won't pay you back? It is a hard situation because you trusted them to repay you but now it has been months since you lent them the money. Your friend has put you in a difficult situation of playing "debt collector." In this article, we review out-of-court options to getting your money back and what to think about if you have to escalate the situation and sue your friend in small claims court to get your money back.