Legal Question in Credit and Debt Law in Oklahoma

Verbal agreements
If a person makes a verbal agreement with another person but there is nothing in writing, does that agreement hold true in a court of law? More specifically, I had an agreement with my mother to pay a credit card bill of hers that she consolidated some of my higher interest credit cards on. I have been making the minimum payment for quite some time now but still have a significant balance left. The credit card that I have been paying on had a 6% interest rate. She recently transferred the balance, prior to discussing it with me, to another one of her cards which has a 14% interest rate, which more than doubles my interest that I am having to pay. She has now threatened to sue me if I don't pay it. Will she be able to sue me even thought we only had a verbal agreement? Does it matter that she did not discuss the transfer of the balance to the higher interest card with me? Thank you very much for your time.

Asked on 5/04/04, 11:50 am

Herb Southern The Southern Law Firm

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Re: Verbal agreements

Under the facts you stated, you are responsible for the debt, she can sue you, you will end up paying the debt plus costs to sue you

Bottom line: Pay the debt!

Answered on 5/04/04, 12:49 pm

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