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I have a signed loan agreement with a person, who consistently misses payments and when he makes them he never makes them to the value agreed to in loan agreement. The original value was around R400 000 and now stands at just over R250 000. The amount keeps growing as payments are inconsistent. I have reason to believe there is no intent to repay the money at all. How can I go about forcing the loan to be repaid.

Category:  Banking & Finance, Loan Agreements

Region: South Africa, Gauteng