Do you have documentation to back up the loan? Saved receipts? If so I think this would be a small claims court and probably wouldn't need a lawyer, but its recommended.
The rules, including dollar limits, for small claims court, vary from state to state. The best way to start is by going to your state or local court website and reading through their FAQs. They may also be able to connect you to volunteers who can help you file the paperwork.
There is no STATUTE of limitations on any loan. You will always be responsible for paying it back. Statutes of limitations is only for laws.
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
well u get a shark loan by giving someone money then u get more back from them. u may be able to trick ur best friend. They are illegal!
A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.
You should not lend money to your friends; if you do, either you will have to bother your friend to repay the loan, which will make your friend resent you, or your friend will not repay the loan, which will make you resent your friend.
refinance the hard money loan back to a conventional bank loan
there is always a reason why someone does not have a bank account, so if someone needs to loan money their only option is to go to a friend or family. This will be difficult unless the borrower has a job and is able to pay back the loan.
Failing to pay back a loan is called defaulting on the loan.
If it is copyrighted and you make a copy and distribute it, you are breaking the law. You can certainly loan it to your friend to enjoy and then return it back to you.
What you do with a loan is irrelevant. You always have to pay it back.
It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.
A small loan to a friend must be charged relatively to a lower interest rate of about 7% of the money borrowed.