What to Do When a Loved One Owes You Money and Doesn’t Pay Your Back

Your family members or friends borrowed your money but don't pay you back. You need to take some steps to collect your debts. Vadym Pastukh/Shutterstock

Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford.

You’d do anything to help those you love. And you did. But what should you do when they don’t pay you back? Consider these options.

Gently Approach the Subject

Asking a friend or family member for money back may feel uncomfortable. But sometimes a simple reminder is all it takes to jump-start debt repayment.