Today we discuss questions related to personal finance, which will be answered by Mathew Muinde, a Commercial Lawyer specialising in Personal Finance.
I was listed on CRB by a Microfinance. On enquiry I found out it was a loan taken out on a fraudulently acquired number, my line was used to acquire a loan without my consent. Therefore, can I sue the Microfinance and telephone company for this?
I took a loan from a mobile digital lender. It wasn’t much but the deadline for paying the loan has passed by two days and although I have promised to clear the balance in a week, the mobile money app has sent messages threatening to contact all the people in my phone contact list. Can they do this? Is it even legal?
I guaranteed a friend who took a loan from the SACCO and he recently passed away. The SACCO is now asking me to pay the loan. Can they?
My husband’s accumulated debts from everywhere and auctioneers are even threatening to come to my house and even sell the furniture and things that I bought with my own money. Can they do that?
I need some breathing space to be able to pay my debts. If I declare bankruptcy, what are the implications?
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