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Hello What happened I am taking stock from one of my Distributor. But from dec 2022 I am unable to pay his dues. Now I am agree to pay him whole dues. But my distributor ask me to pay 24℅ Interest per month. But in his bills mention if I unable to pay the amt than I have to pay 22℅ per annum. Now I am agree to pay the same which is mention in bill. But distributor asking me to pay 24℅ per month interest. So what should I have to do
If the agreed-upon terms in the bill state 22% per annum, you are generally only obligated to pay that rate, contact us for a legal expert to clarify your situation.