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Help - What Should I do ?

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asked on Jan 29, 2012 at 00:22
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Hi,

I have borrow money to my friend for RM 20k and he agree to pay me interest of 3% per month if the payment is not settle in full. 1st & 2nd month, he paid me interest of  RM 600, afterthat, he refused to paid me until now i not received any payment from him  for 3 months already. For your information, I have ask him to sign a payment voucher to me when i borrow that RM 20k for him.

What should i do now ? Can i appointed a lawyer to get back my money as he have sign a payment voucher to me as evidence?

Is that payment voucher sign can be an evidence for recovery my money when it put to court ?

Hope you can advise me.
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answered on Feb 19, 2012 at 02:00
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If you engage a lawyer, you will be scre-wed by your lawyer because you have no case and will lose.
Good Luck.
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answered on Feb 20, 2012 at 18:52
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Dear vkpc, why no case, can u please explain to me? Tks.
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answered on Feb 21, 2012 at 13:26
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I dont like to repeat:

Because the loan contains interest, legally you are considered an Unlicensed Money Lender. (loan shark)  Under the Money Lenders Act, the court cannot help you recover this loan.
If you sue, your lawsuit will be thrown out.
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answered on Mar 17, 2012 at 22:40
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Get some gangster to collect from him bcoz this type of people knows you can't get the money back by legal means. If what vkpc says is right, if need to pay the lawyer to recover your money which is not 100% might as well use the hard way, i.e get the debt collector.
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answered on Aug 13, 2012 at 15:53
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had a case like this before. because i was considered a unlicensed money lender; my transaction was considered illegal and became null and void. however i should have used an accredited mediator to help me. go call my friend at 03-22890775 . he is a certified mediator. ask him a few questions to find out how mediation can help. check out his fees and stuff.
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