Hello.
I live in California. A few months ago, a friend of mine loaned me some money due to fininancial trouble. This person loaned me the money voluntarily, using the money that my friend inherited from the mother. No contracts were made as to when the money will be paid because my friend say pay it off as soon as i can do it. Now, that person is asking rfor the money she loaned to me ASAP or otherwise, legal actions will be taken. Now what i want to know is i can be sued or can any legal actions be taken against me? I have every intentions of paying the debt i have but i cannot do it at the time frame i was given....Please help.
I live in California. A few months ago, a friend of mine loaned me some money due to fininancial trouble. This person loaned me the money voluntarily, using the money that my friend inherited from the mother. No contracts were made as to when the money will be paid because my friend say pay it off as soon as i can do it. Now, that person is asking rfor the money she loaned to me ASAP or otherwise, legal actions will be taken. Now what i want to know is i can be sued or can any legal actions be taken against me? I have every intentions of paying the debt i have but i cannot do it at the time frame i was given....Please help.