Civil Rights Law
This is a discussion on Civil Rights Law within the Areas of Law forum, part of the Create Wiki Article category; A civil right is an enforceable right or privilege, which if interfered with by another gives rise to an action ...
POST NEW QUESTION |
|
|
Article Tools | Search this Article |
Rating:
|
Display Modes |
|
#1
|
||||
|
||||
|
|
#2 |
|
Senior Member
Country:
Join Date: Feb 2012
Posts: 25
|
hi; i borrowed money from a friend , but we signed a legal agreement to repay her with interest. however things didnt go according to plan and i was early disembark from my job due to pregnancy. i am unemployed and have about 6-9weeks before baby is born. I dont have any fixed income to pay her on a monthly basis. I will only be in this position hopefully once i find a job which would be around september of this year. what can I do? what is the ladies position in terms of my current state if she wants to take legal action against me?
|
|
|
|
|
|
#3 |
|
Top Level Member
Join Date: Dec 2009
Posts: 12,915
|
I wish to inform you that the legal position is same. If you have taken a loan then your friend who ids your creditor can go for your assets to settle debt if there is default. If you will not pay the amount then you can be held liable for default. You can enter into modification of your loan agreement in which you can agree to pay when you have got a job in September. You can discuss with your friend legal cost which your friend has to incur in case of breach of agreement and this may enable your friend to agree for modification.
AFF |
|
|
|
|
|
#4 |
|
Senior Member
Country:
Join Date: Feb 2012
Posts: 25
|
Well the balance i owe is about R14000,00 and I do not have assests to the value of that. I cannot guarantee employment either as jobs are scares in south africa. Secondly I honestly dont have a fixed income at the moment. Its not that i dont want to pay, only unforeseen circumstances lead to my financial position. I have a car but the value is way more then that, can she take that from me, for such a small amount? As far as i know personal loans dont have security as a bond or car loan to stand as security. I need my car, and given my pregnancy and in some jobs you need own transport. i have text this lady to advise her on my position but it just seems like she doesnt understand probably.
|
|
|
|
|
|
#5 |
|
Senior Member
Country:
Join Date: Feb 2012
Posts: 25
|
hi, when your debt is written off due to unemployment, how can one fix that for future purposes to apply for a mortgage bond. how long does it affect your credit profile?
|
|
|
|
![]() |
| Bookmark & Share |
This thread has 4 replies and has been viewed 3175 times
| Article Tools | Search this Article |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Deprived of Civil Rights/Civil Liberties | stillett12343 | International Law Issues | 0 | Jul 19th, 2011 10:19 AM |
| Human Rights/ Civil Rights/ Rights to Employment | stillett12343 | International Law Issues | 0 | Feb 10th, 2011 03:50 AM |
| Does world law direct support civil rights? | stillett12343 | Attorneys & Legal Ethics | 3 | Dec 1st, 2010 05:07 AM |
| Is there a Relationship between U.S. Civil RICO ACT & International Human Rights Law? | Unregistered | International Law Issues | 2 | Nov 27th, 2007 10:45 PM |
| In Pennsylvania is there a statute of limitations on civil civil rights violations? | Unregistered | Civil Litigation | 1 | Jan 15th, 2007 04:44 PM |
All times are GMT -5. The time now is 06:25 AM.









Linear Mode


