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craig8661

what interest can be charged on money owed

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just wondering some one has owed us £300 for 5 years made no offer of payment or even tried to pay it of.

whats the legal % we can charge on the amount.

also we dont have any proof of the cash owing apart from a verbal agreament that was witnessed by my partner and sister who origanly borrowed him the cash it was also witnessed by there mum.

should we pursue this in the small claims court.

only problem is that its there brother that borrowed the cash to fix his car.

if it makes any differance where in northern ireland

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Guest Old_andrew2018

How would you really prove it, he could simply deny it

 

Andy

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Think I'd worry about how to actually prove the debt before starting to add interest, anyway its now nearing the statute barred period.

 

Andy

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sorted it out extracted the cash out of him anouther way legaly too.

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