Title: Friends in Debt: How to Address Unpaid Loans Without Losing the Friendship
Subtitle: When money troubles strain relationships, open communication is key.
Date: [Insert Date]
By [Insert Your Name]
[City, State] – A heartfelt plea for advice was submitted to advice columnist Amy Dickinson regarding a delicate situation involving an unpaid loan between friends. The borrower, referred to as “Steve,” owes $60,000 to his late friend’s estate, yet has only repaid $30,000 and has made no effort to settle the outstanding debt.
Tragically, George, the husband of the letter writer, passed away just months after extending the hefty loan to Steve. Since then, Steve claims to have faced personal financial difficulties, but has since seemingly recovered, taking lavish vacations while ignoring his obligation to repay the remaining balance.
The distressed lender seeks advice on how to address the issue without jeopardizing the friendship, as both parties share mutual friends, making it difficult to discuss the matter openly.
In response, Amy Dickinson highlights that maintaining the friendship rests largely on Steve’s willingness to address his financial responsibility. She emphasizes that avoiding discussions about the loan has already created a strain on their relationship. To address the matter, Dickinson recommends the use of a straightforward and honest approach, conveying optimism that the loan will be repaid.
Considering the substantial amount involved, Dickinson suggests checking existing written agreements and reviewing bank records to establish a clear paper trail of the transaction. She advises the lender to compose an email, ensuring there is a written record of their communication to Steve.
The proposed email should express concern for Steve’s well-being while drawing attention to the outstanding balance still owed. It should highlight the half-repayment made and express an eagerness to receive the remaining amount within a reasonable timeframe. The lender should emphasize the friendship between George and Steve, recalling George’s willingness to assist Steve during times of need. The email serves as an invitation to revive the conversation regarding the unsettled debt.
However, if the recipient’s response is unreasonable or no reply is received, Dickinson advises seeking legal assistance to pursue the matter.
For those facing a similar dilemma, Dickinson encourages readers to contact her for further advice or correspondence. She can be reached via email at [email protected] or by mail at Ask Amy, P.O. Box 194, Freeville, NY 13068. Furthermore, individuals can also follow her on Twitter (@askingamy) or find her on Facebook.
Please note that this advice column was written by Amy Dickinson and distributed by Tribune Content Agency, LLC.
###
About the Author:
[Insert Your Bio, Credentials, or Any Other Relevant Information]
[Insert City, State] – [Your Name] is a [Describe Yourself – Journalist, Writer, Editor, etc.] with expertise in [Mention Your Areas of Expertise]. [Provide any additional details about your qualifications, if necessary]. [Add a personal touch or any other relevant information to make the author bio more relatable or engaging].
Disclaimer: The information contained in this article is for general informational purposes only and should not be relied upon as financial or legal advice. Seek professional advice before making any financial decisions.