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Legal Advice on a Lending Company Estafa claim

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Arresto Menor
Hi,

I just wanted to ask a legal advice on a money borrowed from a Lending Company. It was only Php 16,000.00 and it had been 2 years that I kept on paying this amount. For one, I had delayed payments and there were a lot of charges and fees applied by this company. Then they restructured my payment scheme which has cost me more money. After some time, I paid them more than what I owe, can this company file an estafa case if I stop paying them? They claim that I still owe Php 10,000.00. Your help would be much appreciated. Thank you.

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Arresto Menor
Any advices po? I just feel like with my lack of knowledge on these matters, the lending company has taken advantage of it.

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stargazer


Arresto Mayor
You should carefully the fine prints stated in your agreement regarding the loan. It should clearly state there the corresponding interests and penalties (for delayed payments). The company has the right if you have agreed to the agreement when you first borrowed money from them.

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Arresto Menor
But can this really lead to an estafa case?

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attyLLL


moderator
imo, no. they can charge it, but it will be difficult to get it through


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