A
angeline
Guest
What is the name of your state? california
i have lend money to a person not really a friend for the amount of $2700 and i asked him for a collateral. we agreed on everything including paying an interest of 5% just for a month. he paid me $1900 for the first month and still owes me $800. he wants his collateral back and i didn't want to give it until he's not paid in full. he was threatening me that he would report me to the police if i don't give it back to him. he was saying that i'm doing a loan shark. first of all i'm not doing this for a living he just ask me if can do him a very big favor because he really need the money so i told him i can cash out from my credit card and just give me collateral just in case you won't be able to pay me and he agreed on it . please help me. i don't know what to do. thanks!
i have lend money to a person not really a friend for the amount of $2700 and i asked him for a collateral. we agreed on everything including paying an interest of 5% just for a month. he paid me $1900 for the first month and still owes me $800. he wants his collateral back and i didn't want to give it until he's not paid in full. he was threatening me that he would report me to the police if i don't give it back to him. he was saying that i'm doing a loan shark. first of all i'm not doing this for a living he just ask me if can do him a very big favor because he really need the money so i told him i can cash out from my credit card and just give me collateral just in case you won't be able to pay me and he agreed on it . please help me. i don't know what to do. thanks!