Legal Question in Credit and Debt Law in California

personal loan to a friend

i lent $ to an ex-girlfriend a few years ago and she recently stopped making payments.she owes about $4k still.is there a statute of limitations.also we both signed a ''promise to pay back'' agreement, although it's not notarized. can i get this $ back in small claims court?


Asked on 9/28/07, 3:59 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: personal loan to a friend

Depending on the nature of the agreement, you have 2 years from the date of the breach if agreement was oral, 4 years from date of the breach if agreement was written. Small claims would cover the $4k amount since the upper limit is $7,500.

Read more
Answered on 9/28/07, 5:18 pm


Related Questions & Answers

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