Legal Question in Credit and Debt Law in California
a friend needed money for a car..I loaned it to her.. in 2004we signed a contract of payments to be made to me until bal paid up..she made 1 payment then her job went south..and marriage problems..then a third party agreed to help them pay me..all was ok for a whhile..money again a problem..I decided after all theis i needed my money now..we werent even talking..I tried to deliver a smalll claims paper work..things went from som emoney to no money..I then had to pay for a dog vet..her dog was attacked..i helped so it wouldnt die.. well after she couldnt pay me what she owed..she was gettingworkmans comp.for a while and alwasys she was broke..so to bear with her..I observed things being bought and im not gettingmy money..but then she says ill pay you when i get my injuru settlement..well this has come and gone..shes gone and now refuses to pay up..its 2010 where is the legal standing on this
1 Answer from Attorneys
You're out of luck. The statute of limitations on the debt is two years or four, depending on whether the loan agreement was oral or written down and signed.
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