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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