Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Can any legal issues arise for this situation? - My and my friend were having a discussion, and I was wondering for companies that issue high interest loans to high risk individuals, can the company get in any legal trouble for its actions. Lets say for example Company X issues high interest loan with an interest rate a little above most competitors to individual Y. If Y has to claim bankruptcy since it cannot pay off the high interest rate, which affects its personal life, i.e. divorce, suicide, etc, can Y sue X, or can any legal actions be taken against X for it's unethical way of conducting business.
Thanks -
