What is the name of your state? California
I loaned a friend $5000 July of 2007. He was supposed to pay me in 2 months by September, I have it in writing by him & he signed his name to it as well. I have been given nothing but excuses since September from him. He is 7 months over due paying me. I have 40 text messages on my phone saying he will pay me next week, in 2 weeks & so on you name it. Nothing but lies & one minute he says he was getting money out of his 401k to getting a loan from family & so on. NEVER comes thru. I even have voice messages on my phone I saved of him saying he will pay me soon.
I wanted to avoid small claims cause I feel they will only set up a payment deal & by getting only a few hundred at most a month, it will take forever, about a year or longer to get my money back. I gave it to him all at once when he needed it & feel I should get it back all at once especially since it is in writting that he would give it all back at once. Can I make a police report since if you borrow something & don't return it, its kinda like stealing. Please give me your opinions thanks.
I loaned a friend $5000 July of 2007. He was supposed to pay me in 2 months by September, I have it in writing by him & he signed his name to it as well. I have been given nothing but excuses since September from him. He is 7 months over due paying me. I have 40 text messages on my phone saying he will pay me next week, in 2 weeks & so on you name it. Nothing but lies & one minute he says he was getting money out of his 401k to getting a loan from family & so on. NEVER comes thru. I even have voice messages on my phone I saved of him saying he will pay me soon.
I wanted to avoid small claims cause I feel they will only set up a payment deal & by getting only a few hundred at most a month, it will take forever, about a year or longer to get my money back. I gave it to him all at once when he needed it & feel I should get it back all at once especially since it is in writting that he would give it all back at once. Can I make a police report since if you borrow something & don't return it, its kinda like stealing. Please give me your opinions thanks.