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aber3316 · Feb 25, 2006, 07:15 PM

I had gotten a personal loan in my name and in my name only but I had given the money to my sister and she had told me that she would make the monthly payments because she needed the money at the time and she was good on her word she never missed a payment until recently she said she was no longer going to be making the payments now I'm stuck is there anything I can do even though she never signed anything?

talaniman · Feb 25, 2006, 07:24 PM

Take her to small claims court(Judge Judy) a record of who made the payments could weigh in your favor ,in the meantime you are resposible for the loan.:cool:

Fr_Chuck · Feb 25, 2006, 08:02 PM

One, of course you have to make the monthly payments yourself. If you don't keep the payments up, it will go against your credit and they will add a lot of other charges to this amount.

Next of course if you can't pay and the amount is paid down, you could go see if they could set it up on lower payments for more time to make it easier for you to pay.

And of course you can learn that it is bad enough to co-sign where their name is on it to, and you still get stuck to pay, but this way it all looks on paper like it is completley you.

And you can take her to small claims court ( assuming it is under the allowed amount(you did not say if it is 500 or 50,000 dollars(
It will be your word against hers, perhaps you paid her with a check, so at least you will have proof you gave her the money. If not unless she admits it, it will be just your word against hers.

CaptainForest · Feb 25, 2006, 09:07 PM

Other proof you can use:

Show copies of the cheques that your sister gave you each month for the same amount.

aber3316 · Feb 26, 2006, 03:52 PM

The amount was $17,000 and she had went in to the loan places and paid cash I have no proof that she paid accept that my other family members knew it and we recently got into an argument and I was mad and told her that I didn't want her help anymore paying it and I would just do it myself so did I relenquish her of the payments or can I still do something?

talaniman · Feb 26, 2006, 04:03 PM

Yes you did!You changed the terms of your verbal agreement and she went along with it,you need to talk to her or kick yourself in the butt!:cool: :eek:

aber3316 · Feb 26, 2006, 04:24 PM

OK also she is telling me that if I did take her to court that she would take my boyfriend to court for saying he would destroy her and husbands car and fight her husband but he used other words and profanities could she?

CaptainForest · Feb 26, 2006, 04:28 PM

Originally Posted by aber3316

ok also she is telling me that if i did take her to court that she would take my boyfriend to court for saying he would destroy her and husbands car and fight her husband but he used other words and profanities could she?

She could, but is unlikely. She doesn't have a strong case there.

CaptainForest · Feb 26, 2006, 04:31 PM

Originally Posted by aber3316

we recently got into an arguement and i was mad and told her that i didn't want her help anymore paying it and i would just do it myself so did i relenquish her of the payments or can i still do something?

Was it just the 2 of you in the room? In which case, forget that you ever said that to her.

In court, bring those family members you speak of who know of this deal, and if they can't come, get them to sign affidavits.