A clear, dated demand often gets a personal loan repaid, and creates the record you'll need if you have to sue. Heads up: a personal debt owed by an individual is a 'consumer' debt, so we route these through attorney review rather than auto-sending on firm letterhead.
The amount loaned, the date, any agreed repayment terms (texts count), what's been paid, the balance, and a deadline. Attach proof: the transfer, check, or messages where they acknowledged the debt.
Small claims is built for this (up to $10,000 in NYC). Acknowledgments by text or email that they owe you are powerful evidence.
Yes. Proof of the transfer plus messages acknowledging the debt are often enough, especially in small claims.
A debt owed by an individual for personal reasons is a consumer debt, which carries extra rules. We handle those carefully and keep an attorney in the loop.
Only if it was agreed (watch usury limits) or as statutory interest if you win in court.