Legal Question in Credit and Debt Law in Wisconsin
Monetary loans to friends that are not repaid.
I need to know if I have any legal recourse. I have loaned money to a friend,
who I later began a relationship with. All the money loaned was credit card
transactions in my name, and not his. I do not have a signed document
where he agrees to pay me. I do have a listing of all transactions and
payments made, and have people who can attetest to it being his debt.
He refuses to pay, and the amount is around $8500.00. I'm a student and
have had to quit school, work full time and have ended up filing bankrupcy
because of him not repaying me and causing my own debt to climb to the
point I could not pay. I don't know if this will factor in, I have been living with
him and his grandmother for the past 9 months. The agreement with him
was that I did not pay rent since he owed me money. His grandmother is
demading rent now and kicking me out on friday if I do not pay (i do not
intend to) again no written agreement. But I had been deducting money from
what he owed me for living here. While living with him, he has ''borrowed''
around 2000.00 of money from me again (included in total) and still owes
1200.00, but they don't consider that rent.
Can I sue for the money that is owed to me?
1 Answer from Attorneys
Re: Monetary loans to friends that are not repaid.
It does not sound as though Grandma is in on the loan transaction between you and your significant other. She appears to simply be your landlord and would have the right to evict you. Your transactions with your significant other, under the circumstances, are starting to look more like gifts than loans, since you are continuing to make additional advances in the face of a long term refusal to repay. If you can prove otherwise in court, you might prevail. Good luck!
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