Portland, OR asked in Collections and Contracts for Oregon

Q: If money was leant to someone with no set repayment terms, do I have the right to ask for the person to repay the money?

If I have asked and the person refuses to pay or establish some sort of payment arrangement do I have any legal recourse?

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1 Lawyer Answer
Mr. Michael O. Stevens
Mr. Michael O. Stevens
Answered
  • Hillsboro, OR
  • Licensed in Oregon

A: Yes, you do have a right to ask, but the problem becomes what are the terms? As in, when is repayment due? You might send an ORS 20.082 letter and inform them that you will hire an attorney to deal with this if they do not come to terms with some sort of plan. Then set up a plan and have them sign off on it so you have later recourse to collect.

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