Q: Good afternoon. I let someone borrow $5,000. She had told me that she would give me back $6,000 by the end of the month.
She never did and now it has been over a year. She stated that she only has to pay back $5,500 per law. Is this true? Even if I have it in writing that she would pay $7,000?
A:
Banks are the only entities that should be loaning money, not you. Sorry you were cheated. This is a matter for Small Claims, you should sue for $10,000, to include all pre-judgment interest, your rate of interest is within legal parameters, you can research it in the Financial Code. You need to get your story straight, first you say she would repay $6000 then $7000, which is it? You are entitled to the agreed upon repayment and what she says is not true.
Justia disclaimers below, incorporated herein.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
