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Ask Hilary: How can I get my friend to pay back his loan?

Our Agony Aunt advises a friend who's regretting a loan, and a mum whose son doesn't want to be part of her wedding.

April 4, 2017 12:59
Will an unpaid loan get in the way of a friendship?
3 min read

A few years ago, I lent a large amount of money to a friend to help him out at a tough time. We now live in different cities, and, although I’d say we were still friends, we aren’t as close as we were — mostly due to the distance, I think. There was no contract involved. 
I trusted my friend then and 
I still trust him now. We don’t speak regularly, but when we do, he doesn’t mention paying me back.

I don’t know what my friend’s financial situation is now, a few years on. I want to bring up the subject with him of repaying the money, but I don’t want to put 
a huge deal of pressure on him. I’m conflicted!

 

As you’ve discovered, lending money to a friend can be problematic. Of course, he should, as your friend, have paid it back without needing to be asked. But the tricky situation you’re in is all too common. It’s highly unlikely he’s forgotten the loan. He either doesn’t want to, or can’t pay it back.