May problem po ako. Nangutang po kasi ako sa tao lang, una 10k lang po. Nung wala ako pangbayad, pina renew nya ako para matubuan ung utang ko. Then 3-4 months po ulit naulit ung pagrenew para mabayaran ung tubo. Ngayon 40k po. Nung October po naging 69 thousand po sya. Yung 40k ung kabuuan ng utang then ung 29k ung tubo daw po ng 3 months kong hindi nakabayad ng tubo. Ngayon po simula November po nagbabayad ako ng 8 thousand para sa tubo po ng 40k and ung 29 thousand freeze lang po sya. Nung December po nagbayad ako ng 9k para mabawasan ung 29k. Simula November, February, March and April, 8 thousand po lagi binabayaran ko. Sa tubo lang po yun. Hindi po nababawasan ung utang 40k+20k=60thousand parin po. Maaari po ba akong umaksyon? Wala pong kontrata na pinirmahan. Sa Pilipinas po ito naganap. Sana po matulungan nyo po ako. Maraming salamat po!
Translation: I borrowed money from someone. At first, it was 10 thousand pesos. When I was not able to repay, the loan was renewed so that extra charges/interest can be applied. Then after 3-4 months, the loan was renewed so that there would be additional interest charges. Now the loan has become 40 thousand. Last October, it became 69 thousand. The total loan amount was 40 thousand, and the 29 thousand is for the interest charges, because the person who loaned me said that I was not able to pay for 3 months.
Now last November, I paid 8 thousand for the 40 thousand pesos principal, and the 29 thousand peso interest is frozen. Starting November, February, March and April, I pay 8 thousand pesos monthly. That is just for the interest. The loan principal has not been deducted, so it is still 40 thousand + 20 thousand = 60 thousand pesos. We did not sign any contract, and this happened in the Philippines. What action could be taken?
