How To Scare Someone Into Paying You Back
Even if you lend money to someone, you may not get it back. The debtor has broken his promise to you and shouldn’t feel guilty about demanding payment of what he owes you. Whatever the reason for the original loan, if the person who owes you money doesn’t pay, there are always things you can do. If you do, you are more likely to raise money with less effort.
1. Establish a point in time when you think you can’t get paid without asking:
You must determine if the original contract does not state the exact due date. Judge how much you trust the person without asking directly. Consider the outstanding amount. Small debts may not be paid off immediately, but large debts may take time to clear. Claim it as soon as possible if you owe money in a business transaction. Waiting for debt only makes it harder to collect.
2. Ask for money politely:
If this date has passed, please claim the money. At this stage, you want to ensure the debtor knows the debt has not been paid. Sometimes people forget, but a friendly reminder is all you need. Officially, it is called the “Inquiry Desk.”
Instead of demanding payment, offer a reminder (“Remember the money you owe?”) to help the debtor save face. Please provide all relevant information when inquiring about debt. You must be prepared to provide the declared amount, the time the final payment was received, the outstanding amount, the payment arrangements you wish to accept, your contact information, and a definite due date. If you are dealing with any company or client, it may be helpful to submit this request as a letter. A suitable time frame for due dates is 10 to 20 days from the date the debtor received the letter. Debtor panic is the foreseeable future, but not close enough.
3. Decide whether to accept another payment method:
While waiting for the total price, it may not be worth it. If the amount is small or you think the person can’t afford it, consider asking them to provide something else. The provision of services or other courtesies is valid if you accept this Agreement. If this is the case, please clarify your offer and collect it as soon as possible. Don’t act too quickly. This may signal that the debt can be negotiated and reduced, or the debtor may take longer.
4. Make payment requests more consistent:
These are called “Demand Contacts.” You should be more forthright if the debtor does not comply with your demands. Make it clear that you expect immediate payment or a clear payment obligation, and provide clear instructions for making that payment. Here your words should be more direct and show urgency. Sentences such as “I have to pay now” or “I have to agree now” let the debtor know that you are severe and are not ready to negotiate further. Increase. Include clear consequences for non-payment.
Let the person know what you plan to do if you do not receive your proper payment on time, and be prepared to do so.
5. Continue the rigor of debt collection activity:
If you don’t receive payment because of a dunning call, it’s possible that the debtor doesn’t have the money or doesn’t want to pay. Your job is to get you prioritized through multiple contacts, by phone, letter, email, or in person, and ask them to pay you before paying (or going to the hills) for anyone else to decide.
6. Hire a collector:
Having a third party handle the billing lets the debtor know you mean it and saves them the hassle of contacting you and processing payments. Collection agencies charge up to 50% of the payment for their services, so you’ll need to decide if installments are better than nothing.[1]
If the payment is too much for the collector, you can skip this step and file a claim in small claims court.
7. Know that you can’t:
When collecting your debt, certain practices may be illegal in your state. If you can qualify as a collection agency under the Federal Fair Collection Practices Act, there are federal laws that apply. You probably aren’t covered by this law, but you must comply with your state’s laws. Each state has its different laws, but in general, avoid the following tactics:
- Make calls at inappropriate times.
- adding extra charges;
- Deliberately delaying collection to add charges.
- Notify the debtor’s employer of the debt.
- Lying about debt.
- False threats against debtors
TAKING LEGAL ACTIONS:
1. File a lawsuit in small claims court:
Check your state laws or state court website to see if you can file a lawsuit. We can find state court websites and statutes using the correct links from the National Center for State Courts. If you go to court, prepare for the hearing. If we have a contract, promissory note, or other documentary evidence of liability, make sufficient copies so that you can provide copies to the judge, the debtor, or their attorney.
2. file a lawsuit:
If you can’t or can’t sue in small claims court, go to state court. Contact or hire an attorney, file the proper paperwork, and prepare as many documents as possible to prepare for court. This option is generally more expensive when you factor in court and attorney fees, but it is worth more than hiring a collection agency if successful.
The threat of lawsuits may be enough to force someone to pay, but you shouldn’t make such threats unless you intend to coerce them.
3. Submit a quote request:
Even after the judgment has been resulted against the debtor, if the debtor fails to pay, contempt of court complaint can be filed. When you file a request for a subpoena with notice of a hearing, the court will schedule a hearing, and the debtor will be forced to return to court and explain why they failed to pay their debt. The hearing must ask the court for permission to garnish the debtor’s wages.
Conclusion:
If you don’t need the money urgently, but you feel like you can’t get it back, a little white lie won’t do any harm; without making you feel any urgency could very well be bothering you. You need that money just as badly now as it came to you. A little bit of guilt combined with demand can make your friend realize they need to pay off the loan before the situation worsens, leading to worst-case scenarios.
How To Scare Someone Into Paying You Back
Even if you lend money to someone, you may not get it back. The debtor has broken his promise to you and shouldn’t feel guilty about demanding payment of what he owes you. Whatever the reason for the original loan, if the person who owes you money doesn’t pay, there are always things you can do. If you do, you are more likely to raise money with less effort.
1. Establish a point in time when you think you can’t get paid without asking:
You must determine if the original contract does not state the exact due date. Judge how much you trust the person without asking directly. Consider the outstanding amount. Small debts may not be paid off immediately, but large debts may take time to clear. Claim it as soon as possible if you owe money in a business transaction. Waiting for debt only makes it harder to collect.
2. Ask for money politely:
If this date has passed, please claim the money. At this stage, you want to ensure the debtor knows the debt has not been paid. Sometimes people forget, but a friendly reminder is all you need. Officially, it is called the “Inquiry Desk.”
Instead of demanding payment, offer a reminder (“Remember the money you owe?”) to help the debtor save face. Please provide all relevant information when inquiring about debt. You must be prepared to provide the declared amount, the time the final payment was received, the outstanding amount, the payment arrangements you wish to accept, your contact information, and a definite due date. If you are dealing with any company or client, it may be helpful to submit this request as a letter. A suitable time frame for due dates is 10 to 20 days from the date the debtor received the letter. Debtor panic is the foreseeable future, but not close enough.
3. Decide whether to accept another payment method:
While waiting for the total price, it may not be worth it. If the amount is small or you think the person can’t afford it, consider asking them to provide something else. The provision of services or other courtesies is valid if you accept this Agreement. If this is the case, please clarify your offer and collect it as soon as possible. Don’t act too quickly. This may signal that the debt can be negotiated and reduced, or the debtor may take longer.
4. Make payment requests more consistent:
These are called “Demand Contacts.” You should be more forthright if the debtor does not comply with your demands. Make it clear that you expect immediate payment or a clear payment obligation, and provide clear instructions for making that payment. Here your words should be more direct and show urgency. Sentences such as “I have to pay now” or “I have to agree now” let the debtor know that you are severe and are not ready to negotiate further. Increase. Include clear consequences for non-payment.
Let the person know what you plan to do if you do not receive your proper payment on time, and be prepared to do so.
5. Continue the rigor of debt collection activity:
If you don’t receive payment because of a dunning call, it’s possible that the debtor doesn’t have the money or doesn’t want to pay. Your job is to get you prioritized through multiple contacts, by phone, letter, email, or in person, and ask them to pay you before paying (or going to the hills) for anyone else to decide.
6. Hire a collector:
Having a third party handle the billing lets the debtor know you mean it and saves them the hassle of contacting you and processing payments. Collection agencies charge up to 50% of the payment for their services, so you’ll need to decide if installments are better than nothing.[1]
If the payment is too much for the collector, you can skip this step and file a claim in small claims court.
7. Know that you can’t:
When collecting your debt, certain practices may be illegal in your state. If you can qualify as a collection agency under the Federal Fair Collection Practices Act, there are federal laws that apply. You probably aren’t covered by this law, but you must comply with your state’s laws. Each state has its different laws, but in general, avoid the following tactics:
- Make calls at inappropriate times.
- adding extra charges;
- Deliberately delaying collection to add charges.
- Notify the debtor’s employer of the debt.
- Lying about debt.
- False threats against debtors
TAKING LEGAL ACTIONS:
1. File a lawsuit in small claims court:
Check your state laws or state court website to see if you can file a lawsuit. We can find state court websites and statutes using the correct links from the National Center for State Courts. If you go to court, prepare for the hearing. If we have a contract, promissory note, or other documentary evidence of liability, make sufficient copies so that you can provide copies to the judge, the debtor, or their attorney.
2. file a lawsuit:
If you can’t or can’t sue in small claims court, go to state court. Contact or hire an attorney, file the proper paperwork, and prepare as many documents as possible to prepare for court. This option is generally more expensive when you factor in court and attorney fees, but it is worth more than hiring a collection agency if successful.
The threat of lawsuits may be enough to force someone to pay, but you shouldn’t make such threats unless you intend to coerce them.
3. Submit a quote request:
Even after the judgment has been resulted against the debtor, if the debtor fails to pay, contempt of court complaint can be filed. When you file a request for a subpoena with notice of a hearing, the court will schedule a hearing, and the debtor will be forced to return to court and explain why they failed to pay their debt. The hearing must ask the court for permission to garnish the debtor’s wages.
Conclusion:
If you don’t need the money urgently, but you feel like you can’t get it back, a little white lie won’t do any harm; without making you feel any urgency could very well be bothering you. You need that money just as badly now as it came to you. A little bit of guilt combined with demand can make your friend realize they need to pay off the loan before the situation worsens, leading to worst-case scenarios.
