Legal Question in Credit and Debt Law in Texas

Debt Collection Through Small Claims Court

I made a personal loan to a friend over 8 years ago that she refuses to pay back. It was to be repaid a couple of weeks after the loan was made. All reasonable attempts to get the money back has been futile. I've learned that I may seek relief through Small Claims Court. However, I've also been given some unqualified advice that the loan is now too old for me to have legal claim. Is there a statue of limitations on seeking legal relief for this loan? I've heard that there is some kind of statue that says the limitation is no more than 4 years after the initial date the loan was due back. I would really like to know the truth before I'm forced to accept the loss.


Asked on 12/06/00, 4:55 am

1 Answer from Attorneys
James Grissom Law Office of James P. Grissom

Re: Debt Collection Through Small Claims Court

SOL is 4 years.

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Answered on 12/07/00, 10:24 am


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