Q: What's my best defense against, an AC Breach of contract suit?
I took out a loan prior to Covid hitting in 2019. Hardships hit and forced an emergency relocation by and I forgot completely. Till one day I get served a civil summons for AC Breach of contract. $450.00 and 398.517% interest per annum. Any help appreciated.
A:
You have not articulated any reason that you do not owe the sum sought. That being said, you are entitled to seek a trial if you wish. Given the sky-high interest rate sought, there is a lot at stake, plus if you signed a contract with that interest rate a judgment may grow at the contractual rate, as opposed to the normal 9% rate in Missouri. Have an attorney review the summons and governing contract. Maybe there's a way out.
Or contact the opposing counsel and try to negotiate a settlement.
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.
