Legal Question in Credit and Debt Law in California

Re: Personal loan collection

the SOL in CA for contractual based debt is typically 4 years. from the facts given, it should be fairly routine in collection of this alleged debt owed to you. if you would like further assistance, contact us directly.

Re: Personal loan collection

In general, the California statute of limitations on a debt evidenced in writing is four years. Your chances of recovery depend on whether the defendant has a job, money, real estate, or other assets.

Re: Personal loan collection

The statute of limitations is 4 years on a written contract from the date of the breach. I cannot assist you in predicting the chances of recovery until I do an asset search. Please contact our firm if you need assistance in collecting your debt.

Re: Personal loan collection

4 Years.

Does the debtor have a house, job, assets? If yes, your chances of collection increase.

They also increase with an aggressive collection attorney. Caution, collection attorneys charge up to 50% on contingent fee, or you have to pay hourly fees in advance (as do I).

JOEL SELIK Attorney at Law

800-894-2889 760-479-1515 702-243-1930

www.SelikLaw.com

Licensed to Practice Law in California and Nevada Only CA Licensed Real Estate Broker

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Re: Personal loan collection

Sounds like the foundation is there. I would need more facts and I would need to see the "acknowledgement" before I could give you a true assessment.