How can I get my money back from uncle?

I gave a loan to my uncle on 25th October 2010. The total loan amount was $17500. He promised to pay around $450 every month. But he has not paid any money till now. We have not made any written agreement back then. I realize my mistake now. How can I get my money back from my uncle? Should I sue him? I don’t want to do that. Please advice.

2 Answers

If he is refusing to pay you back, the only option you have is to sue him.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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