It is common in life and business, that to help our colleagues and friends, we have given them money on loan. The problem? Documents are not always signed to support and ensure payment of the debt.

The most common drawback is that the debtor does not pay on time or simply decides not to pay; This friend or colleague disappears, turns off his phone, does not answer messages on social networks or emails, you cannot even find him at his home or office. If this has happened to you, do not worry, you must proceed in this way to collect the debt:

• Step 1:It establishes the real amount of the debt, includes the interests - if these were agreed - and the expenses caused by the collection efforts.
• Step 2:If the debtor still does not appear, contact one of his closest relatives (parents, siblings or partners), explain the situation with respect and firmness and inform them that you want to give him an additional period, so that the debtor pays his debt in parts.
• Step 3:If it is a debtor in good faith - not a criminal - the debtor will contact you, either personally or through the person you used as an intermediary. Talk politely with him, give him extra time to pay off the debt in parts, and have him sign a Promissory notes with Successive Maturities.
• Step 4:If the debtor does not comply with the payments established in the Promissory Note to the Order, now you will have an Executive Title in your favor, to be able - after analyzing the possibilities of success with your trusted lawyer - sue him through the courts, kidnapping preventively Before you find out about the lawsuit, your property, money in account, and other assets.

If you do not have a Promissory Note, write to our email, info@garciayasociados.ec and we will send you at no cost, a perfect model, for you to use.

García & Asociados