Questions & Answers
How should I proceed if a friend I lent money to hasn't repaid it for months?
Dear Sir/Madam,
I gave someone a friendly loan of AED 1800, but it has been eight months and she has refused to pay me back.
How should I proceed?
Thanks!
Dear Questioner,
According to UAE law, a friendly loan is considered a verbal agreement between two parties and is not legally binding. Therefore, it may be difficult to enforce the repayment of the loan.
However, you can still try the following steps to recover your money:
1. Send a formal request for repayment:
You can send a written request to the borrower asking for the repayment of the loan. Make sure to include the amount borrowed, the date it was borrowed, and the agreed-upon repayment terms.
2. Seek mediation:
If the borrower refuses to pay or does not respond to your request, you can seek mediation through the Dubai Courts or the Dubai Mediation Centre. This is a voluntary process where a neutral third party will help you and the borrower come to an agreement on the repayment of the loan.
Dear Questioner,
You can give him a legal warning if he does not pay.
You can file a lawsuit and charge him the attorney’s fees, court fees, and compensation for late payment.
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