Legal Question in Credit and Debt Law in California
Hello,
I have made a loan to real estate broker. He has given me a straight note promising re-payment with inetrest. He has requested pushing back the term date about 5 times now and has been missing the promised commitments several times. What is my best approach to recover the private loan?
Thank you.
Asked on 11/22/10, 1:52 pm
1 Answer from Attorneys
If the amount due is $7,500 or less, you can simply file a small claims suit. If it is ovder $7,500 you will have to file in superior court.
Answered on 11/27/10, 2:40 pm