My question involves collection proceedings in the State of: Florida
Sorry if thsi is the wrong thread and I missed the 'general law' questions thread
So basically I loaned money to a friend for a fee but never specified about an implied interest rate or when he should pay me back. What would be a reasonable amount of time for him to pay me back and is it true the implied interest rate on a personal loan is 0 percent (what he claims so he wont have to pay me back). If the amount of time is subjective to when he should pay me back when would I be in the right to file a notice? How should I go about trying to get my money back after the 'reasonable' amount of time.