Legal Question in Credit and Debt Law in California

A personal loan

About 3 years ago, my husband and I purchased a mobilehome. We sold the home, but the buyers did not qualifly for all the loan. So we made them sign a promissory note, at $225.00 per month, until the amount was paid in full. Well the last two month they have not paid, and they still owe us $7000. How can we collect the funds owed legally?


Asked on 11/06/07, 7:30 pm

1 Answer from Attorneys
H.M. Torrey The Law Offices of H.M. Torrey

Re: A personal loan

Depending on the agreement between you both, you may be able to call in the loan and collect in or out of court. Call us directly for a free phone consultation.

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Answered on 11/06/07, 9:47 pm


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