I loaned 2 friends(a married couple) money to make a down payment on a car. I have a letter stating the facts of the loan with payment requirements with both of their signatures on it. The case is pretty much cut and dry as far as that goes. I would win in small claims no questions about it. However, even though they both have steady jobs, they have no assets. The car that I loaned them the money for is being financed, they have no real estate, or no house. They are renters and basically have nothing of their own. I was told that before you consider suing, you have to make sure the defendant is able to pay you. I know there are other options like wage garnishment but I researched that and Florida does not allow you to garnish head of household's wages. I could garnish the other parties paycheck but they have to make a certain amount to be eligible for garnishment and I am not sure if they make the certain amount. Do you think it is worth it, or am I wasting my time?
2006-07-23
03:40:58
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15 answers
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asked by
babycakes1280
1