How legal is a signed promisary note?

I loaned my x-boyfriend (back when we were still together) $1000 to pay for repairs of his transmission so he could have transportation to go to work. He signed a piece of paper promising to pay it back. Since we have split up he refuses to send payments due on the credit card that I borrowed it from as a cash advance. Is this paper legal to hold him to his promise? I live in Illinois.

[This message has been edited by DancingDeb (edited March 29, 2000).]

Illinois law requires contracts involving amounts over $500 to be in writing. If the wording of the note makes it clear that he borrowed the money and agreed to repay it, he's toast. You won't get interest, though. Read the note carefully to see if it can be interpreted as not being a promise to pay. "IOU $1000 - Joe Deadbeat" is probably sufficient to be a contract. "$1000 - Joe" is not. (not clearly a loan, doesn't identify Joe well enough.)

[This message has been edited by Tracey (edited March 30, 2000).]

[niceguy0602]

Could not figure out how to post a new thread , so I am going to chance posting here.

I loaned a friend $4500 back in june of 2007. This happened in the state of rhode island.

A promissory note was signed by myself, the friend borrowing money and a witness that is a friend of mine. Not noterized or anything like that.

Only the one note was signed , no copy was made of it. Payment were supposed to start in sept. of 2007 being the first of 12 payments. I have not asked for money because of financial trouble my friend has been having, but now things are pretty bad between us and it seems we may part ways.

I have looked for the note but can not find it. Am I out $4500 now?

[Ladynred]

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