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Lending money and verbal contracts.

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badboy00z

Junior Member
What is the name of your state? California.

So I agreed to lend a "friend" $500 dollars with a $100 interest. It was agreed that I will be paid back in 2 months. Since then I have only received $200 and it has almost been a year since I lend him the money. He hasn't responded to my messages and has been avoiding me. I have 2 mutual friends that have lend him money and have not gotten paid back. One of them is a witness to my transaction. It is also known that he owes more than just the 3 of us. Is there anything I can do to get my money back?
 


Zigner

Senior Member, Non-Attorney
Before you complain too much - you might want to check out http://ag.ca.gov/consumers/general/usury.php
 

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