Legal Question in Credit and Debt Law in California
alright so my friend got chapped for dui blah blah blah and hes now in rehab okay? his co-worker payed 2700 dollars towards his rehab bill right? but as far as the rehab facility knows is that my friend payed for it out of pocket and they have no proof that this other guy payed and hes saying that he is going to take his trucks as collateral if he doesnt pay him back and he got in my face because i borrowed my buddys truck with his consent it was stored at the shop he works for and he tried telling me that i cant take it because its his collateral against my buddy for not paying him yet can he take it as collateral? even with no one having any proof that he payed for the rehab? and i dont know if its in the right law thing so i put collections cause it sound right
2 Answers from Attorneys
Do you say "blah blah blah," "right," and "okay" a lot? What do you mean by "I put collections cause it sound right?" Ask your question again and kindly activate your spelling, punctuation and grammar skills this time.
Unless your friend gave him a lien on the trucks and it was recorded with the DMV, or the "other guy" took your friend to court and got a judgment and a judgment lien on the trucks, he has no right to them as collateral. His word is enough that he payed for the rehab, but whether he paid or not, no one can get collateral for a loan unless the borrower agrees and they complete the proper paper work and filings, or the lender gets a court order.
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