Lending money to a friend is a common thing someone does when a friend asks for some money and also promises it back. But when the friend is taking too much time to return the money then one has to quit waiting and go blunt by asking for the money directly or indirectly i.e. through a letter so that the friend doesn’t feel shame by facing the lender in confrontation.
This kind of letter should be written in a business style with subject stating the obvious reason. In the body of the letter one has to include the date on which the money was lent, the amount of money that was lent and the expected date when the person who took money told he/she will return it back, with or without interest.
Sample Letter to Friend That Owes You Money
February 21, 2014
52 New South Street
Austin, TX 21018
Re: You owe me $3000
To begin with, I want you to let you know that you are a great friend of mine and I am always here to help you in the time of need, whenever and however I can.
I want to remind you that on 2nd December 2013, you asked me for 3000$ as you had an emergency and you needed the amount on urgent basis. I went to the bank just for your sake. I lent you the amount on the same date.
You promised me that you will give the entire amount back within the month of January 2014. Now it has been way over that due date and you still have not paid me back. You have not even talked about it. If you want you can also return me the amount in parts instead of in whole. But I really want you to give me the money back as soon as possible. I need it to pay my mortgage.
I am anxiously waiting for your positive reply.
21 West Palm Street
Austin, TX 21014
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