I suggest you repay the loan first, and then recover it from the borrower through legal procedures. Failing to pay back within the time limit may be included in the credit report, which will affect your credit and limit your consumption. You can also take IOUs, IOUs and other evidence to the court (usually to the district court where he lives) or directly apply for a payment order, and apply to the court to enforce the property under the other party's name.

Extended data:

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

A borrower refers to an enterprise, institution or individual that borrows monetary funds from a lender with its own credit or property as a guarantee or a third party as a guarantee in credit activities. The borrower shall not borrow from different branches of the lender in the same jurisdiction at the same time.

The borrower shall not provide the lender with false production and operation information, such as balance sheet, income statement, etc., to prevent the borrower from using false production and operation information to borrow loans that are not commensurate with its repayment ability, thus affecting the capital security of financial institutions.

The borrower shall not use the loan for equity investment. Except for a few cases as otherwise stipulated by the state, the Company Law, relevant enterprise laws and enterprise registration system of our country clearly stipulate that the parties (including shareholders of the company) who set up a company or other enterprises must have the statutory minimum registered capital, and these funds must be accompanied by capital verification certificates from relevant banks and certified public accountants when registering.

The borrower shall not use the loan for securities and futures speculation; In addition to the borrower who has obtained the real estate business qualification according to law. No other unit or individual may engage in real estate business with loans; Borrowers who have obtained real estate business qualifications according to law shall not use loans to engage in real estate speculation.

Borrowers may not seek illegal income by borrowing loans. The General Principles of Loans stipulates that the borrower, as an intermediary, shall not transfer the original loan price (interest rate), which will raise the interest rate in the financing market and affect the stability of the financial market.