Not Getting Your Loan Back? Discover How to Legally Recover Your Money in Spain
Have you lent money and not been repaid? Our debt collection lawyers help you recover unpaid loans in Spain through out-of-court and judicial procedures. Discover how to get your money back with effective legal strategies, including default interest and legal costs, before your claim becomes time-barred.
Have you lent money to someone in Spain and they haven’t paid you back?
Are you tired of sending messages that are never answered?
Worried you won’t recover a loan you granted in good faith?
At Lawants, we understand how frustrating this situation can be. Our team of lawyers specialized in loan recovery in Spain can help you recover your money efficiently, safely and with full legal certainty. Whether through an amicable solution or legal proceedings, we are by your side every step of the way.
How to Recover an Unpaid Loan in Spain
Loan recovery Spain requires a clear and legally solid strategy. Acting quickly can make all the difference, especially to prevent the debtor from becoming insolvent or avoiding enforcement.
1. Extrajudicial Demand and Alternative Dispute Resolution Proposal
The first recommended step is to send an extrajudicial demand through a lawyer, formally requesting repayment of the loan. The letter should clearly state the amount owed, any agreed interest, and a specific deadline for payment.
This step is particularly important if the loan does not have a fixed repayment date. In such cases, the Spanish Civil Code requires an out-of-court demand before any judicial action can be taken.
It is also strongly advisable to offer the debtor the option of participating in an Alternative Dispute Resolution (ADR) mechanism before going to court. This shows your good faith and can help you avoid unnecessary costs and delays.
Our lawyers experienced in recovering unpaid debts in Spain will handle the drafting of the demand, contact with the debtor, and represent you in any out-of-court negotiations.
2. Can I Claim Interest and Legal Costs?
Yes. In addition to the principal amount, when you need to recover unpaid loan, you may also claim:
- Default interest for delayed payment (if agreed).
- Legal costs incurred in attempting to recover the loan.
The Spanish Civil Code protects creditors in such cases and allows for compensation when the debtor fails to comply.
3. Judicial Proceedings: Verbal or Ordinary
If the debtor does not respond or refuses an amicable solution, you may initiate legal proceedings. The type of procedure depends on the amount involved:
- Verbal proceedings, for claims under €15,000.
- Ordinary proceedings, for amounts exceeding €15,000, which involve more complex stages (claim, defence, preliminary hearing and trial).
In both cases, having the support of lawyers specialized in loan recovery in Spain greatly increases your chances of success.
How Long Do I Have to Recover a Loan?
The general limitation period is 5 years from the loan’s due date (Art. 1964 of the Spanish Civil Code). Acting promptly is crucial to avoid losing your right to claim.
Why Choose Lawants for Debt Collection?
At Lawants, we offer comprehensive legal advice for the recovery of debts in Spain, both for individuals and businesses. We assess the feasibility of your claim, send the required legal notices and, if necessary, initiate judicial proceedings.
- ✅ Over 15 years of experience in debt recovery
- ✅ Tailored legal strategies for each case
- ✅ High success rate in both judicial and out-of-court claims
- ✅ Specialized expertise with experienced debt collection lawyers
Don’t let an unpaid loan become a permanent loss. Contact our specialists in loan recovery Spain and recover what rightfully belongs to you.
