How to deal with people who won’t refund your money or belongings |

It is very difficult and sensitive to deal with people who never return borrowed money or loaned items. But still, dealing with such issues, whether with a friend, family member, or colleague, requires careful consideration between being assertive and empathetic about maintaining these relationships while also trying to take back what is rightfully yours. However, unmet expectations can become frustrating and lead to tension and potential conflicts in communication; Therefore, it is very important to approach such cases with a clear strategy.
First steps may include open and honest communication, politely and firmly reminding the borrower of their commitments. It is important to understand the reasons behind the delays and assess their situation before escalating the issue. Patience and understanding can lead to a positive solution without making things worse. Even if the other person does not agree to return what is yours, here are some ways to deal with such people and politely get your things back:

Communicate clearly

Start by communicating directly and accurately with the person who owes you money or items. Speak to them calmly in person or on the phone, even with a message reminding the person about the loan. Often people forget, so reminders may be all that is needed. Clearly state the amount of money borrowed or which item was borrowed and when it was lent, and state your expectation for when you will get it back. Be diplomatic in your presentation to avoid provoking unnecessary tension or conflict; Otherwise, it will give the other person a chance to listen to you and show that they are willing to resolve the issue amicably.

Set a deadline

If the debtor doesn’t remind you and doesn’t ask for a refund date, you can give them a specific date to return your money or item. Politely let the borrower know why you need it back by a certain date. Giving them a specific date will give the borrower a goal to work towards; This will help prioritize whether to refund them or return your items to them. Be firm, but understand and accept any potential challenges they may face. A deadline can emphasize the time-bound urgency and seriousness of the issue and create an urge to fulfill obligations immediately.

Offer a payment plan

You can offer a payment plan if the borrower cannot pay the entire amount at once. On the dotted line, divide the entire amount into smaller repayment chunks over a term you choose and agree on together. This is a sign of a willingness to be flexible, but the expectations for these payments are clearly established. By giving you a structured plan, it makes the chances of getting the money back in an orderly manner very likely.

Put it in writing

For large amounts of money or valuable assets, you should consider doing this in writing. Create a very simple contract that details the loan, amount, repayment terms, and penalties for missing deadlines. Both of you must sign the contract to confirm your agreement. Having a piece of paper is a better reminder and will also encourage the borrower to be more responsible. Provides legal protection if further action is required. This step of the procedure is formal, which means the liability is serious and repayment is very important.

Request mediation

If direct communication and deadlines do not yield results, consider involving a neutral third party to mediate the situation. The mediator may be a mutual friend, family member, or professional who can facilitate a fair discussion between both parties. Mediation helps resolve any underlying issues, misunderstandings or hesitations the debtor may have. The mediator’s objective perspective can promote resolution and reinforce the importance of fulfilling obligations. This step aims to resolve the matter amicably without initiating legal action, preserving the relationship while ensuring the refund.