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Can I legally cancel a loan contract?

Asked by vici324 (4points) February 15th, 2011

Jan. 29th I impulsively entered a contract with payment options well beyond my means. I was just excited that I qualified for a loan as I filed bankruptcy in 2005. Now, realizing I cannot repay this debt, is there a legal way I can request a release? The payment on this loan is more than ⅓ my income!

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