I was too naive!! Now I need my money & credit back!!?

Question

A good friend of mine, I know her for few years asked me for a help as guarantor to get vehicle loan. She was late on payment & bank made report to my credit (sucks), besides that I have excellent credit. I ask local cop for help, they asked me to get court order :( it sucks when they support crooks. I ask bank, bank said they can't do anything since loan is not default.

Besides, she also made $8000 purchase on my credit card without my permission! (right after she got the vehicle) as of now she owes me $5000!! She gave me two checks of $4000 each which came back initially. Cop says its not consider as crime (bad check), its a civil matter since i didn't took the whole lump sum :(

She doesn't answer my call & I need to drive 30-40 minutes to get hold of her hopeing she is home.

Whats the solution? I wait over a year now & I have no money & time to goto court. What if I pick the vehicle from her driveway? (I have the key made from dealer)

please help. I'll pick the best answer.

Vehicle is on my name & on her business name (which was dissolved well b4) and she appont me as vice president of her company.

I live in State of Illinois

Answer 1

First of all she is not a good friend but I also made the same mistake except that I should of had him sign a document stating I was purchasing the car for him under my name and that he would b making the payment and then had it notarized. At least that way I could of taken him to court. But your best bet is to really try to get her to court. If you take the car you would be the one committing the crime (Unless your name is on the registration). Try the websites below they are free legal advice

http://legalhelprightnow.org/
http://bargainlaw.com/
http://www.yourlegal411.com/

Good Luck!! I feel your pain

Answer 2

Go to prepaidlegal.com and get a lawyer/go to court.

That is too much money to be passive about.