ANSWERS: 3
  • you should have put the loan in writing. That would be your best bet. If you can get them to sign something saying they owe you and when they'll pay you... that would be best...esp if there's a witness.
  • The date that the loan was given, the amount owed, the interest rate (if applicable), the term of the loan, date of loan termination, the identity of the parties involved (including their address), signature of both parties witnessed by a third party.
  • Did you give the person cash or did you give them a check? If you wrote a check, did you make it out to that person? If so, the cancelled checks would be all the proof you need. If you gave them cash, you might have a more difficult time getting your money back, especially if you have nothing in writing.

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