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lending money

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1lending money Empty lending money Thu Aug 19, 2010 8:57 pm

mary


Arresto Menor

hi, a foreigner used my name to get cash loan from a bank. how much should he pay me for that? he said he will give me 1% of the money he got which was 90,000 pesos. that means i'll get 900php only, is it fair?

2lending money Empty Re: lending money Fri Aug 20, 2010 10:52 am

attyLLL


moderator

why did you allow him to use your name? what if he defaults? your defense will be that it's not you?

if you agreed with him to commit this act and there is intent to defraud the lender, you may be liable for estafa through conspiracy.

only you can decide what a fair amount is for your risk.

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