Lawsuit for Return of a Loan Assistance Case | Securing Full Return of the Loan for the Client

At the request of her cousin, who said she was in financial difficulty, the client lent 70 million won without drawing up a loan certificate.

The cousin repeatedly expressed her gratitude and promised that she would certainly repay.

However, after only partial repayment was made, the client also lent her cousin a credit card and cash.

However, as time passed, the cousin did not repay the loan and instead used the client's card to incur a large debt as well.

The client, bewildered by this, attempted to make contact several times, but the cousin did not answer the client's calls.

Ultimately, the client, who could no longer endure this, was looking into a law firm in order to proceed with a lawsuit when she entrusted the case to a civil attorney at Daeryun Law Firm, which had handled numerous loan cases.

A 10-year extinctive prescription applies to a loan claim, and once 10 years have passed, it becomes legally difficult to obtain repayment.

However, if a waiver of the right arising from the completion of prescription is recognized, such as where the debtor, while aware that the prescription has been completed, requests a postponement of payment or expresses an intention to repay, the obligation to repay may still be maintained.

For this reason, it is very important to receive the assistance of an expert and respond appropriately at the earliest possible time.

The issue in this case concerned the existence of a monetary transaction made without a loan certificate between the client and the defendant, and the obligation to repay it.

The client and the defendant were cousins, and the client lent the money on the basis of trust between family members, without drawing up a separate loan certificate.

In response, the civil attorney worked to secure objective evidence such as the KakaoTalk conversation records and the deposit and withdrawal records.

As a result of closely reviewing the KakaoTalk conversation contents and the deposit and withdrawal records between the client and the defendant, the civil attorney proved that there had actually been a monetary transaction between the two.

In addition, the attorney emphasized that, although the client had lent large sums on several occasions according to the defendant's needs, the defendant has to this day not repaid them.

During the consultation with the client, the civil attorney confirmed the fact that the client had taken out a loan to lend money to the defendant.

The attorney emphasized that, as a result, the client incurred a loan debt of approximately 100 million won and is currently in serious financial difficulty.

The above case is the account of a client who, having faced economic difficulty after being unable to recover a loan, was able to recover the full amount of the loan through the assistance of a civil attorney.

As this shows, it is very important to handle a loan matter with the assistance of an experienced professional.

Law firm Daeryun has numerous civil attorneys registered with the Korean Bar Association, so it can respond to the client's case promptly and systematically.

It also cooperates with its evidence investigation and digital forensics center to thoroughly collect materials favorable to a loan return lawsuit and, on that basis, presents an effective defense.

If you need help proceeding with a loan return lawsuit, please request a 🔗legal consultation reservation from law firm Daeryun at any time.