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    Post: Personal loan to customer..

    Posted by Ryan on 6/01/09


    I'm a part time auto dealer in Arizona that sold a car to
    an individual. He had been a regular customer and I
    decided to front him $10,500 on the purchase of a vehicle
    I had in inventory. I turned the paperwork over and sold
    him the car (this is where the fool and his money was
    easily parted). I had him sign a quick personal loan note
    that showed he owed me the balance of 10,500 not in
    relation to the auto deal. I did this becuase I dont have
    a license to finance vehicles. I was not asking for any
    percentage points, Just the total amount within 2 weeks.
    Over a month has gone by and I haven't heard from him. I
    found his family members in another state and they
    confirmed he is a shyster. He has felony convictions for
    similar problems in MO. All I have is a piece of paper
    that says he owes $10,500 directly to me personally. What
    is my next step? Who should I contact? Ryan

    Posts on this thread, including this one
  • Personal loan to customer.., 6/01/09, by Ryan.


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