Legal Question in Credit and Debt Law in Pennsylvania

Procedure to Collect on Unpaid Loan

In March of 1998 I loaned my then boyfriend $5,000.00 to pay his back boat payments. There was no paperwork involved; however, I have copies of the canceled check and had written on the front of the check when given to him, "Loan, regarding boat". He promised to repay the money within 3 months and to date has not done so. The boat is now for sale and I am afraid he has no intention of repaying this money. What is the procedure to collect this loan?


Asked on 7/09/00, 8:24 pm

2 Answers from Attorneys
Marc S. Bragg Bialecki & Bragg

Re: Procedure to Collect on Unpaid Loan

Hi:

Make a request, and then if he refuses, find the district justice in your area, and file a suit.

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Answered on 9/08/00, 10:38 pm
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Procedure to Collect on Unpaid Loan

You have to file a lawsuit. You have no other alternative unless your boyfriend with give you a lien that can be placed on the title to the boat. Consult an attorney quickly or you will suffer a potential loss if your boyfriend does not honor his committment. At least get him to sign a memo acknowledging the debt. If your boyfriend will not do that he has no intention of making repayment of the loan.

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Answered on 9/07/00, 9:25 pm


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