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Breach of Contract on Unsecured Personal Loan

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E

emn

Guest
I live in WA and received a contract in the mail from a company in CA for an unsecured personal loan. I had to pay by money order the processing fee ($75), closing cost ($52), and $570.00 for a $500.00 certificate of deposit that they were to hold for 6 months. Per their contract statements the loan would be released by their accounting office within 3-4 business days. I sent the last payment for the cd on 7/5/00. To date I have received no loan, and no response to the 3 phone messages I left with the accounting office and 2 letters to the main firm. Now what do I do because they apparently have breached the contract by non-performance of the obligation? I hope this isn't a live and learn issue and that I'll never get my initial funds back. I had a feeling I shouldn't have entered into this contract when their initial correspondence had typos.
 


I AM ALWAYS LIABLE

Senior Member
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by emn:
I live in WA and received a contract in the mail from a company in CA for an unsecured personal loan. I had to pay by money order the processing fee ($75), closing cost ($52), and $570.00 for a $500.00 certificate of deposit that they were to hold for 6 months. Per their contract statements the loan would be released by their accounting office within 3-4 business days. I sent the last payment for the cd on 7/5/00. To date I have received no loan, and no response to the 3 phone messages I left with the accounting office and 2 letters to the main firm. Now what do I do because they apparently have breached the contract by non-performance of the obligation? I hope this isn't a live and learn issue and that I'll never get my initial funds back. I had a feeling I shouldn't have entered into this contract when their initial correspondence had typos.<HR></BLOCKQUOTE>

My response:

"Yu ned Mony? Weell we cn hep Yooo!! Jus send us al the mony in you Bank acount an we proces you lone!!"

Yeah, typos are a clear indicator that you've been ripped off by someone who hadn't graduated from high school. You're correct, this is a "live and learn" situation because it would cost you more to find out who they actually are, and then come to California to file your case against them. Report them to the Postal Service Inspector in your area, and contact the Attorney General's office in California to file a complaint. Perhaps there are other complaints about them.

And, we all know what P.T. Barnum is credited with saying, don't we?

IAAL




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