Legal Question in Credit and Debt Law in Texas

I loaned an individual $2500 and he signed a promissory note using a vehicle as collateral. He has defaulted on the promissory note and when I went to claim the vehicle, he did not sign the title. I since have filed a complaint with the local JP and an awaiting for a trial date. Will I ever get my money or his vehicle?


Asked on 5/25/10, 1:52 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Probably not.

From your story, I'm guessing that you didn't put a lien on the vehicle when you made the loan. That was a mistake.

Read more
Answered on 5/26/10, 10:55 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas