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?
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,
Reply: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.
lily
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