Legal Question in Credit and Debt Law in Georgia
I loaned a ex friend 2970 dollars in may. They promised to pay it back verbally and in text message. I tried to communicate via text and they refuse to answer. They also refused delivery of a certified letter demanding payment. I was told that if I spoke to them again I would be locked up for harrassing calls. What are my options?
2 Answers from Attorneys
Sue in magistrate court. Make sure you keep the text and cancelled check as evidence of the loan.
Very few. It is always a bad idea to loan money. It is even more of a bad idea to do it with no written loan documents.
Paula is somewhat correct, but not really. Hopw do you prove it was a loan and not a gift? If it was a loan, how do you prove the due date or that it has even happened yet? And even if you win, how do you collect? Do you know any assets you can seize to pay off the debt? And what happens when they file bankruptcy?
So yes, you can sue. Bear in mind the money may not be recoverable. It's a possible long shot.
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