I recently loaned another person $1.00 with the agreement that it would be paid back, plus the amount of 100% interest compounded daily. I even had him sign a contract with me.
He told me that the money plus interest would be paid back quickly, and had no problems or complants about the deal.
Well, he paid back the $1.00, but no interest, which is now up to $2,408. I was wondering if I am able to take him to small claims court and sue for the amount of the current interest.

