My fathers friend has gotten a 20k loan off him but hasnt paid in 2 years..?

Question

Yes well we want to know how we can get him to pay us. Every time we go over to his house we ask him and he always tells us hes going to give it soon, But its been two years and we still wait for it to come.

We made a deal that he can give us 1k a month and he accepted but its been nine months and we got $0.

The guy were dealing with is smart. Everything they bought is under his wifes name.

Weve got a signed contract but we dont know how we can get out money back.

Can anyone please give us some advice that would be really appreciated.

Answer 1

You can try sueing them, but it sounds like this guy never indended to pay back your father.  20K is too much for small claims court and the fees and costs of a lawyer are going to eat into any type of payment you get.

Does this person work ?  If so go to his work place everyday asking for the $1,000 a week he promised you.  Do not be afraind to ask loadly either , so what if everyone at his work here about it.

Answer 2

take him to court - (get advice from a lawyer) if you guys have a signed contract it should be enforceable.