Legal Question in Real Estate Law in Illinois
Lawsuit
Am I able to sue a friend for the remaining balance to a repossess vehicle in my name.
2 Answers from Attorneys
Re: Lawsuit
Let me understand your facts. You have a car title in your name. You took out a car loan on that car for your friend, and your friend drives or drove that car. Your friend still owes you money on that loan and refuses to pay, right? Yes, you can sue your friend for the remaining balance, but how much is owed? If the remaining balance is small, you could sue in small claims court. But even if you win in court and get a judgment in your favor, how are you going to collect anything from your friend - wage garnishment or seizure of assets? Are you making payments on the car loan so that the car is not repossessed? Is your friend still driving the car or has possession of the car even though not making payments? Do you need an attorney? This answer does not constitute legal advice because you are not as yet my client.
Re: Lawsuit
YThank you for your question although your submission could be clearer. However assuming that you took the loan in your name and there was an agreement that he would make the payments and has not,yes, you could sue him.