What should I do with my debt to a loan shark?

In the current status of the economy people can not catch up to the needs of an ordinary person. You need to have a home and some savings. I have settled an agreement to loan sharks to get the things that I needed. The loan sharks are charging me on an early date that is not on the agreement that we have settled. Now the debt that I have to them has increased and increaed. What should I do?

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    No Name

    First of all, loan sharks are illegal loaners that the government does not recognize. It is illegal to lend money without a license. If the loan sharks loan lent you the money in a illegal matter, the loan shark has no legal right to collect it and they can't take you to court to get it back. Some loan sharks will threaten you by saying you will be prosecuted and even sent to prison if you don't pay up. This can not happen, an unauthorised lender such as a loan shark has no legal right to recover the debt.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

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