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how does one stop loan sharks coming round to collect money when what ones paid with interest without fearing for ones life? they threaten to do things to family if i don't carry on paying.
Already Tried: nothing i am too scared to go to the police
Good morning! I can help you out with your legal question today. Loans are civil contracts and they cannot use physical violence to collect upon them. If you know where these Loan sharks are located, you can obtain a temporary restraining order against them and/or their boss. You would go to the county courthouse and fill out the TRO paperwork. There is no filing fee usually, but you will need some type of address or location at which to serve the TRO paperwork on the loan sharks.
The judge will set the matter for a hearing and then you will have to provide the judge with evidence. If the judge sides with you, then he/she will enter an order restraining the loan shark or his/her representatives from coming near you or talking to you.
what happens if they ignore the order and they get physically violent towards me?
Or my family
what happens if it was just a verbal aggreement
If they ignore the order, then you can have them arrested for violating the order. However, the cops can only enforce the order after it is filed by the court.
It doesn't matter if it was verbal or not, if it was verbal then you won't be liable for any amount over $500.
Any contract for more than $500 must be in writing to be enforceable.
Experience: Over 12 years of business and legal experience.