Legal Question in Credit and Debt Law in Georgia

In regards to a personal loan between 2 inviduals, is it legal for the lendor to charge late fees that within less than a year, equal or exceed the amount borrowed?


Asked on 6/28/10, 12:43 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

No one here knows the terms of your contract, and you did not bother to tell us. That is the starting point.

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Answered on 6/28/10, 3:55 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Possibly. Without reading the contract there's no way to know the answer.

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Answered on 6/28/10, 3:55 pm


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