However, I have also paid 75% of the total loan from him of P150,000, in separate dates within the 2 years. Also, I told him initially and in the promissory note that the monthly interest is 20% per month. What he is after is about the big interest and the remaining 20% of the principal left.
My questions are:
1. Can he actually let the NBI file against me if they have the promissory notes and bounced checks with them?
2. If they do, will I get an NBI mark?
3. If so, will they file this in court or thru the barangay?
4. Can the NBI just issue a warrant of arrest on me re this?
Please, i need your urgent advice on the matter!