He can only do this if this was in your agreement when you borrowed the money in the first place, He can't just decide now, as in 'Oh yea, I want interest now', three weeks after money exchanged hands. He has every right to charge interest, so, as long as you agreed to it, you have to pay it. Anyone loaning money has the right as long as it's agreed in the very beginning by both parties. Good Luck.
2007-02-10 02:05:29
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answer #1
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answered by mouse 3
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Of course, yes. Why not? Was the money lent to you under duress? If not, why won't you be charged an interest?
2007-02-10 01:57:47
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answer #2
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answered by peaceman 4
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Of course. Why would they loan you money for free?
2007-02-10 01:50:13
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answer #3
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answered by Box815 3
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Of course- the banks do that all the time.
2007-02-10 01:48:01
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answer #4
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answered by Anonymous
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