Round 2007, I lent my boyfriend on the time round $10,000 to purchase a automobile. He mentioned he would pay me again $500 a month. Properly, he could not deal with that as a result of he saved shedding his job. Then he began paying me $250 a month.
He paid me as much as $8,000 after which stopped when he owed me the final $2,000. He moved to Florida as a result of he could not afford to stay in L.A. anymore, and he claimed he could not afford to pay me the remainder of the cash. After that, he by no means tried to pay me again.
I really feel like I used to be cheated and used. Is there something I can do about this?
Transfer on. Let go of the hope that you simply’ll ever accumulate that remaining $2,000.
I’d let you know to look into your state’s course of for suing in small claims court docket if this have been a more moderen debt. However 14 years have handed because you made this mortgage. The legal guidelines fluctuate by state and whether or not you had a written or oral contract. But it surely’s seemingly that the statute of limitations has lengthy handed by now.
In case you can’t sue your ex, your solely recourse could be to contact him and persuade him to pay you as a result of it’s the fitting factor to do. Possibly he’s modified within the years because you broke up. However the odds of getting him to voluntarily pay up appear terribly slim. I don’t suppose $2,000 is definitely worth the value of opening outdated wounds.
Is that this actually concerning the cash? Or are you in search of closure in your emotions about this relationship? Take into account that loads of folks stroll away from a relationship feeling used even when cash isn’t concerned.
The $2,000 he nonetheless owes you is straightforward to concentrate on as a result of it’s quantifiable. However for those who really feel such as you have been robbed of your time or vitality or goodwill, these emotions aren’t going to vanish even within the unlikely occasion that you simply accumulate on this outdated debt.
For what it’s price, it doesn’t sound like your boyfriend got down to cheat you or use you if he paid again the primary $8,000 amid appreciable hardship. That doesn’t absolve him of accountability, after all. It’s simply that in robust occasions, you have been in all probability simpler to blow off in comparison with his different collectors.
Take into consideration what this expertise taught you. Are there any takeaways you possibly can apply to present or future relationships? Are there any boundaries about lending cash that, in hindsight, you would like you set?
In the end, I feel you’ve a greater probability of transferring ahead from no matter lingering emotions you’ve about this relationship for those who extinguish any hope of getting your $2,000 again. With the cash off the desk, there’s no cause to contact your ex once more. You’ve closed that chapter of your life. Chalk this as much as an costly lesson realized.
Robin Hartill is a licensed monetary planner and a senior author at The Penny Hoarder. Ship your difficult cash inquiries to [email protected].