It's been two years now; what can I do?

Answer:
I have a general rule about lending money to friends and family. If I lend it, I must be sure that I will not need it for my survival down the road. In other words, one should be prepared to never see the money again.

I don?t like to wallow in old bones, but it is important to highlight where you went wrong. You lent the money for a period of two months and allowed the person to break the contract for a period of almost two years. Maybe you got tired of nagging and just let it be?

Now you really need the money and it is not forthcoming. He or she probably thought that you had forgiven the debt and went on their merry way. The problem with suddenly demanding money back after a long period is that the person may not have it at the time you need it.

So you have to renegotiate the terms deal. Contact them and suggest a payment plan. If they agree, get them to give you post-dated cheques so that you have control over the deposits. If this fails then you may have to refer to the contract.

Unfortunately you may have to get a lawyer involved. If the contract and the claim is still valid then you can take legal steps to get the money. If they don?t pay, you can take judgement against them which means that they will be blacklisted. This will of course cost money so the amount owed needs to be justifiable.