In March 2012, I used my good credit to buy a $3800.00 wedding ring for a friend’s pending wedding in May. Her fiancé worked for an Oil Field Service Company earning around $250,000.00 a year, and still does. She promised me they would pay me back, so thinking they would have me paid back right away; I agreed to get her ring for her.
I had purchased a $140,000.00 house that year, using my VA Guaranteed Loan
Benefit and almost maxed three credit cards on furnishings and landscaping, etc.
My only income is Social Security Disability at $1860.00 a month and with a Mortgage payment of $768.00, plus paying on the three cards and Utilities, my monthly budget was extremely tight and didn’t allow for any other expenses. Because of this, it was imperative that they pay me back right away.
The terms of credit on the loan were that the ring had to be paid in full by October 11, 2013 in order to avoid paying the accrued interest, but the minimum monthly payment of $133.00 wasn’t enough to get it paid off by October, so we figured out that we would have to pay at least $250.00 a month to have it paid off in time.
My friend set up an Auto-Bill-Pay with her Checking Account to transfer the $250.00 into my Checking Account in enough time for me to get the payment to Wells Fargo by the 11th of each month in order to avoid the $35.00 Late Fee.
This was working ok until January 2013 when the IRS froze their account due to unpaid student loans and my automatic payment ceased. I have had to cover the $133.00 payment ever since which is causing me to go deeper in debt each month and has adversely impacted my credit. I have received only one payment of $133.00 from her since then. At this point, the outstanding balance on this loan is $1148.00 and they owe me personally $665.00 on the payments I’ve made for them totalling $1813.00.
I have tried unsuccessfully to talk to them regarding this situation but they don’t answer my calls or text messages. Then a few weeks ago I received a text message from her husband saying he was going to “Kick my crippled ass” if he ever sees me again over some rumour he heard about me. I think he is using this “Rumour” to justify them not paying me, or even speaking to me.
I fear than I will be stuck with one more $133.00 payment for September and then the final payment of $1015.00 in October or the accrued interest of $3000.00+ will be added to the loan.
My question is: Do I have any Legal recourse for reimbursement?
James C. Carlton