How do I enforce a promissory note?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

A couple of years ago, my exgirlfriend bought a car. We were serious, and I was stupid, so I took the loan out in my name and put the car in hers. We broke up (of course) and she stopped making payments on the car. I bought out the loan so that her credit problems (numerous as they were) didn't become my credit problems. I had her sign a promissory note. It wasnt notarized, but it's her signature. Over the past 13 months, she's made 3 payments, and now she doesn't even return my calls. She owes me about $19,000, which on a personal note, came from an inheritance, so I can't even talk to her and see straight at the same time.

I want to enforce the default clause on her contract. She never filed the new lien paperwork, but I have the promissory note and copies of the voided checks. What do I do now? Do I call a lawyer? A debt collector?

Help! And I've wised up and started dating girls who can get their own loans for their own stuff, so no relationship advice, PLEASE

How do I enforce a promissory note?

see a lawyer. most will do a free consult to assess your case. your claim is too large for small claims court

How do I enforce a promissory note?

You need to contact a lawyer and probably will need to take her to court. The court will enforce the contract that she signed off on between the two of you. Hopefully, it outlined specifics on when and how the payments would be made. Hope this helps!

How do I enforce a promissory note?

A Promissory Note should have included the "Security" for the Note, such as the description of the vehicle. Then to secure it, you would have added a lien to the vehicle title. You didn't mention that you did that. I would go to small claims court and get a judgment, since that is a lot of money that is owed.

How do I enforce a promissory note?

Topic