coolhandluke
Registered User
- Messages
- 108
My brother got an unsecured loan off another relation of 100,000 over 10 years to purchase an apartment. He signed a piece of paper to this effect and gave it to the lender.
Three years on he has paid 30k, but the lender is now demanding an immediate payment of 30k which he can not possibly come up with, the lender is now threatening legals.
What can the lender actually do here ?
Three years on he has paid 30k, but the lender is now demanding an immediate payment of 30k which he can not possibly come up with, the lender is now threatening legals.
What can the lender actually do here ?