Legal Question in Credit and Debt Law in Arizona

loan to a boyfriend

I lent my boyfriend a total of $25k, and do have written agreement that he would make the payments on the credit card used for the cash advances, as well as terms for the loan to be paid off within the next 60 days. He is now saying that he is not able to pay, he has to focus on his own problems, and does not know when he will be able to make another payment, or pay the balance owed. How do I enforce the agreement, and what do I attach it to? Do I need a lawyer, or can I go about this myself?


Asked on 8/27/07, 8:57 pm

1 Answer from Attorneys
Debra Palomino PALOMINO LAW FIRM, P.C.

Re: loan to a boyfriend

Hopefully your contract covers all terms, e.g. loan amount, repayment terms, interest if any, default, and his signature. First, see how much time he needs to get to a payment schedule. Litigation should be your last resort because it's timely and expensive. If he works, see if he will agree to a deduction from his paycheck. If he still refuses to pay, then you can either sue him yourself (pro per) or hire an attorney. Arizona law provides recovery of attorney's fees in certain circumstances. Good luck.

Read more
Answered on 9/04/07, 8:13 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Arizona