Will I Ever Get the $2K My Ex Owes Me After 14 Years?

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Expensive Penny,

Round 2007, I lent my boyfriend on the time round $10,000 to purchase a automotive. He mentioned he would pay me again $500 a month. Nicely, he could not deal with that as a result of he saved dropping 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 dwell 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? 

-Feeling Used

Expensive Feeling,

Transfer on. Let go of the hope that you simply’ll ever gather that closing $2,000.

I’d inform you to look into your state’s course of for suing in small claims court docket if this have been a newer debt. However 14 years have handed because you made this mortgage. The legal guidelines differ by state and whether or not you had a written or oral contract. However it’s seemingly that the statute of limitations has lengthy handed by now.

In the event you can’t sue your ex, your solely recourse can be to contact him and persuade him to pay you as a result of it’s the best factor to do. Perhaps 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 assume $2,000 is definitely worth the worth of opening previous wounds.

Is that this actually in regards to the cash? Or are you in search of closure in your emotions about this relationship? Needless to say 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 should you 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 gather on this previous debt.

For what it’s value, 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, in fact. It’s simply that in robust instances, you have been most likely simpler to blow off in comparison with his different collectors.

Take into consideration what this expertise taught you. Are there any takeaways you’ll be able to apply to present or future relationships? Are there any boundaries about lending cash that, in hindsight, you want you set?

In the end, I feel you might have a greater likelihood of transferring ahead from no matter lingering emotions you might have about this relationship should you extinguish any hope of getting your $2,000 again. With the cash off the desk, there’s no motive to contact your ex once more. You’ve closed that chapter of your life. Chalk this as much as an costly lesson discovered.

Robin Hartill is a licensed monetary planner and a senior author at The BaghdadTime. Ship your tough cash inquiries to [email protected].

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