What canI do ifI was financing anRV for my friend through my bankbut he stopped paying and wants to sell the RV?

What canI do ifI was financing anRV for my friend through my bankbut he stopped paying and wants to sell the RV?

I purchased an RVfor $12,500 through my bank for a friend with bad credit. We have a contract he wrote but it did not include any interest and I feel he is still a little short on the principal too. We discussed adding the interest but he said he would pay me in the end in good faith but now he decided he will not pay since he is mad at me for another issue and is threatening me and has the RV for sale on craigslist now. I have the title still and it is in my name but he wants to sue me for the title. He still owes me about $2500 for 2 years interest. Is there anything I can do to collect?

Asked on February 29, 2012 under Bankruptcy Law, Texas

Answers:

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