I was loaned 100,000 7 years ago, I was told do not worry about making payments or the interest. I have asked every month about payment and interest I was told I would not be charged any interest.
But I did sign a document that said I would 7 years ago. Now the person is desperate due to some gambling problems. ( I give him 25,000 two years ago ) he was in a bind due to gambling. now he wants the interest.
I don't have the interest but I do have the original amount owed but now he wants interest.
Am i obligated to pay 7 years worth of interest now even though I have been told every year that I would not be charged interest.?