There are difficult times in life when you have to turn to friends or relatives for help. Observing all the formalities in the loan process, drawing up an agreement or writing a receipt, few people think about the need to be careful when repaying a debt. However, even here you need to follow the established rules so that you do not have to pay twice.
Instructions
Step 1
Prepare the moment of transferring money in such a way that new problems do not arise in the future. Such situations are quite possible even if you communicate with very decent people whom you absolutely trust.
For example, transferring money and thanking your friend, you do not receive a document back confirming the fact of the loan. In this case, you will remain hostage to this paper. The receipt may be with the heirs (in the event of death) or successors in other situations. Therefore, prepare the moment of transfer of the amount of money properly.
Step 2
Make an appointment with the lender in person. Tell him about your intention to pay off the debt and ask him to bring your receipt to the meeting. An appointment in advance will allow you and your counterpart to invite someone else as a witness. This is also necessary for security, if we are talking about a large amount.
Step 3
At the appointed time, transfer the entire amount of the debt to the lender in exchange for your receipt in front of witnesses. This can be important if, nevertheless, someone wants to dispute the very fact of a refund. On the receipt, the lender must write in his own hand that the debt was received in full and he has no complaints against you. The receipt can be destroyed. Thus, you become free from fulfillment of obligations under it, and the loan agreement will be considered completed.
Step 4
In case, during the transfer, return the original of your receipt. In this case, the transfer of money is possible only after receiving this document from the lender.
