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7 years ago - I loaned someone some money. We lost contact…

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7 years ago - I...
7 years ago - I loaned someone some money. We lost contact with each other and I still want my money. We agreed that he will pay me, but hasn't... Can I still pursue this legally?
Submitted: 8 years ago.Category: Legal
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Answered in 5 minutes by:
6/28/2010
Lawyer: Thomas McJD, Attorney replied 8 years ago
Thomas McJD
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Do you have a written contract regarding the loan or was it simply a verbal agreement that he would pay you back?
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Customer reply replied 8 years ago
we have a contract.
Lawyer: Thomas McJD, Attorney replied 8 years ago

The statute of limitations for a written contract in Illinois is 10 years, so you can still sue him to collect the debt.

 

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