Have a $5000 loan at 57% interest paid it for 2 years. Have paid a total of about $6000 and still owe the $5000. Just mad. Want to stop paying it.Can I? If I do what shall I expect?
What Are The Consequences For Not Paying A Unsecure Cash Loan?
January 1st, 2010 by Home Loans Leave a reply »Posted in Home Mortgage Loans ?
Tags: Cash Consequences Loan Paying Unsecure What
You can follow any responses to this entry through the RSS 2.0 Feed. Both comments and pings are currently closed.
Advertisement
They might sue you, but more than likley they will harrass you over the phone for many months; then they will write it off as a loss,
It mainly depends from whom you borrowed. I think you need some specialised legal advice. You have either left out a decimal point or been the victim of a loan shark.