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Collections Law/Ex. Friend trying to collect money after 3 years.
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Question
Hi. I use to be friends with this girl and I helped her with her mortgage business. I brought her a deal and she gave me a check for $1000. Now, over 3 years later she is trying to collect that money back. I no longer talk to her, so she keeps harassing me and threatening me. I live in California. What is the statue of limitation with things like that?
In California it is probably 4 years. I am a bit confused though. Did she pay you a referral fee or make you a loan? Why would she be tryling to collect the money back? Did you have a written agreement? Did you sign a note.
If she doesnt have any documentation she will have a hard time trying to collect. SHe coulld file suit in small claims but she may still have a hard time collecting her money.
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Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
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