Legal Question in Credit and Debt Law in Missouri
getting repaid a loan made to a friend
My ex-boyfriend and I had a credit card together about 3 years ago and he
made about $13,000 in charges. To prevent him from making further
charges I took his name off of the account. In addition, he owes me about
$7,000 in cash. I have been making the payments on the credit card each
month. He has made some payments, but has not been consistent and hasn't
been giving me enough to cover the minimum payment. I have in writing, a
signed agreement to be paid back the entire amount of the loan plus interest.
Is there a way for me to legally collect this money and ensure repayment?
1 Answer from Attorneys
Re: getting repaid a loan made to a friend
An attorney would need to see the written agreement before giving you any legal advice regarding your rights under it. Generally speaking, you can sue your ex-boyfriend, take a judgment and then garnish his wages if he is employed or garnish his bank account or execute on his car or other personal property. It is also possible that your judgment could be a lien against any real estate owned by him. my advice would be to consult with an attorney.
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