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-   -   How long is a promisary note good for? (https://www.askmehelpdesk.com/showthread.php?t=311134)

  • Jan 31, 2009, 11:42 AM
    andreap
    How long is a promisary note good for?
    My boyfriend of 6 years borrowed money in 2003. He has paid very little back due to lack of work. I'm sick of waiting for it. He's a carpenter and does not work enough. I'm ready to take him to court. I want to know what my rights are.
  • Jan 31, 2009, 12:15 PM
    Fr_Chuck

    What were the payment agreement in the note was he to pay so much a month, payment in full at some point?

    The fact is, you ( depending on location) may have waited to long to use court action as the statue of limitation may have run out, so much depends on the terms of the contract
  • Feb 2, 2009, 03:47 PM
    this8384

    Like Fr_Chuck pointed out, the SOL may have expired on your note. What state do you live in? When was the last payment made, and do you have proof of it?

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