02/28/2023
How can you prove you are owed the money?
Before involving the court you need to think about your prospects of success. You'll need to have some kind of evidence that you lent the money in the first place and that your friend hasn't paid you back.
If you've got a signed contract, loan agreement or IOU then that's ideal, but the evidence of the loan doesn't always necessarily have to be written.
A legal contract can be verbal if it was just an arrangement you discussed and agreed between yourselves, however there still needs to be something that a court can see, like:
E-mails, text messages or social media messages discussing the loan or debt
Bank statements of you initially transferring the money to their account or online payment transfer with reference to it being a 'loan'
Evidence of repayments being made into your bank account (which then stopped)
Someone else being present when you agreed to the loan who could be a witness and willing to provide a statement
