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I also wanted to know if I could go after he for not just the $3400 principle I loaned her but also the 20% interest which has accrued. With the interest accrual she now owes $5875.20 with another 20% being added at the end of every month. Can I take her to court for this and what are the chances I can recoup my money?
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You need to speak to a lawyer about this immediately as your agreement is likely illegal.
Answered on May 03rd, 2015 at 8:06 AM