Recent content by johnnyham89

Thanks for the help! I've looked into the usury laws also. Would he be able to sue for just the principle then?

I'm doing this on my father's behalf. 1/9/08 and 3/20/08 are when both contracts were made. They are basically the same except the one on the 9th is for $35,000 and the one on the 20th is for $19,000. Both contracts included an interest charge of $7,000, so a total of $54,000 for the loan and...