California | Credit and Debt Law
2/12/08, 11:49 pm
Legal Question
Repaying a loan
I borrowed smoe money from an institution at 39% interest. I ahve been paying for the past 3 years then fell behind. Now the institution is demanding frull payment plus interest. I told the collection agency I have exactly 6,200 dollars to give and they are demanding 7,100. They state if I do nto come up with the 7,100 in two weeks they will sue me in court. Is thier anything else I can do to not incur more debt?
Share This On:
