"20% INTEREST EVERY WEEK" Please help

I borrowed an amount of money with very high interest of 20% every
week for the reason that " kapit na sa patalim para matubos ang lupa
namin" una po nanghiram ako ng 25k ang natira po sa akin ay 20K
yun po ay nasundan ng 50K para po ngapo matubos ko na ang lupa
namin kesa ito ay mailit sa amin. Nakapag interest po ako ng 2 beses
nag issue po ako ng tseke na nagkakahalaga ng isang 25k at 50k
nun pong pangalawang linggo na di ako makabayad ng interest dahil
nadelay ang padala sa aking pera nakiusap po ako pero hindi po
siya mapakiusapan puro po mura at galit ang natanggap ko sa txt
ipinasok po niya ang tseke ko at naclosed yun. Gusto ko napo
magbayad sa kanya kahit hulugan ko ng 20K every month pero ayaw
po niya pumayag gusto po ay buo lahat plus lahat daw ng interest
na umabot na daw po sa 150thou plus nautang ko. sa loob lang po
yun ng lampas isang buwan. Paano po ba gagawin ko wala po ako
kahit anong pinirmahan sa kanya maliban sa tsekeng na issue ko sa
kanya. Bukod po dito lagi niya ko tinatakot na ipapupulis. paano
po ba yun, gusto ko magbayad pero gusto niya lahat na agad.

is there a written agreement regarding this loan? if none, it can be argued that interest is not demandable. at the same time, the interest is unconscionable, but it will take a ruling of a court to bring it down to a reasonable level.

what is worrying are these unfunded checks. you may be liable for bp 22. i recommend that you pay the face value of these checks as quickly as you can and just defend yourself against the claim for interest.

Thank you very much attorney for that response. We dont
have any written agreement and I haven't signed
any loan documents with my creditor. I have partial
amount of money with me already to pay. How will I pay
her, if i pay the partial amount of money will I have to
get one of the check that represents the amount? What
if she doesnt want to give it, cuz she demands for the
interest? Would it be possible if i get a legal service of
a lawyer. what is bothering me is
the demand of so much interest and she would not return
my check if i didnt pay the interest which she insisted. I have
already paid her more than 30thousand pesos attorney which
I sent it through Mhullier and SMART padala I kept the
receipts with me. She said its only for the interest. Now I have
with me another amount that would cover up the entire amount of
one check.how will i pay her. Thank you so much

the best way is to negotiate a deal with her through letters so that everything is documented. if you can afford it, it is the best thing if you can get a lawyer to represent you.

but if she refuses, you can either wait for her to file a case against you or file a petition in court for consignment of payment where you will deposit your payment.

legally, you only owe her what was given to you because there is no written agreement on interest. note however, if the checks become due and they are unfunded, you may be liable for bp 22.

Attorney, thank you so much. May I just ask what if
she filed a case a BP22 against me? May susulat po ba sa aking
attorney? ang alam ko po ipu push through lang niya ang kaso kung
hindi ko babayaran yung interest na iniinsist niya. ang utang ko
po sa kanya attorney ay isang 25K na tseke at 50K na tseke.Attorney
kaya ko napo bayaran yung both amount of tsek. plus the fee of atty
to represent me. pag dinemanda kapo ba ng BP22 maaaresto kanapo
ba agad? ako po ba ay may laban dito kung may pera nakong pambayad?
ayaw ko po magkakaso attorney, nawalan po ako pera dati dahil
nagipit kami pero ngayong may pambayad nako sana naman po
makalaban ako ng patas sa kanya I admit nagkautang ako sa
kanya pero wala pang 2 buwan itong hindi ko nababayaran
tumalbog tseke ko dahil ipinasok niya kahit nakiusap ako na
wag ipasok, nakaranas ako mamura at maeskandalo at makatanggap
ng mga text message ng pagbabanta. Ngayong may pambayad nako
sana naman po maayos ko it.Maraming
salamatpo attorney.

I recommend that you retain a lawyer to fully review your case and if warranted, to write to your creditor to explain why it is that your only debts are the face values of those checks. and you should offer the payment to her.

I would not advice waiting for her to take action. good luck.