Legal Question in Credit and Debt Law in California

secured personal loans

What steps do I take to collect a loan 3

months in default, and can I collect

interest for that period?


Asked on 2/15/07, 4:01 pm

2 Answers from Attorneys
Matthew Mickelson Law Offices of Matthew C. Mickelson

Re: secured personal loans

If the debtor absolutely refuses to pay, you will need to sue him or her in order to have a chance of getting your money back. Interest is probably available unless your loan agreement stated it was interest free. I specialize in cases like this; please feel free to contact me if you would like to discuss this further.

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Answered on 2/15/07, 4:13 pm
Larry Rothman Larry Rothman & Associates

Re: secured personal loans

You may have to reposess or foreclose against the security. Concurently, you may have to file a lawsuit. We would need to review your documenation and the security in order to answer any other qeustions you might have.

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Answered on 2/15/07, 9:32 pm


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