What is the statute of limitations for money owed on a personal loan?

Answers:1   |   LastUpdateAt:2012-09-19 04:54:02  

Question
Nichola
Asked at 2012-09-18 07:19:03
No written agreement for repayment . It was a housewarming gift of $ 1,000. However, there is no evidence that it was a gift , so there is no record of it . It was a check that was written for me , and now she has her boyfriend calling me telling me if I do not start making monthly payments , they will take me to court. So my question is , when would the statute to collect a debt exhausted ? If the law is gone, it looks like my best argument against out of this situation MedlinePlus MedlinePlus Thanks in advance for everyones help .
Answer1ShantelAnswered at 2012-09-19 04:54:02
No statute , and the money is legally theirs . On the other side of this, you look terrible concerns they could prove it was a loan . Did you include all the facts of your question ?
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