Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford.
You’d do anything to help those you love. And you did. But what should you do when they don’t pay you back? Consider these options.
Gently Approach the Subject
Asking a friend or family member for money back may feel uncomfortable. But sometimes a simple reminder is all it takes to jump-start debt repayment.
Before reaching out, think back to the discussions you had when you offered the money: Did you make it clear that this was a loan, not a gift? Did you confirm payment terms and a deadline? Did you get the details in writing?
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