Good day, i am here in shanghai working, my husband an engineer got some financial problems in philippines last August 2012, he borrowed from a friend but not a close friend..my husband borrowed 30,000 pesos..with 20%monthly interest,and for late payments he will be charged 200 per day..
Since both of us are still struggling financially now a days, we just pay the interest monthly. but in November we didnt pay and also in december we plan to pay it whole. but the thing that i cannot accept is that our debt has soar from 30,000 it becomes 64,000 because of the charges. Ang lupit po. wala naman po syang License to conduct those policies kasi hes not registered. hes not paying any taxes like other credit agencies. I just feel like parang niloloko na po kami at pineperahan. please give me some advise how to deal with it. thanks in advance