Legal Question in Business Law in Arizona
breech of contract from lenders
on my original application for a lender, it said no credit check, i got appoved for 10k business loan. They asked for a security deposit to secure the loan because of my credit. They wanted 1285.00. I gave that to them along with all my signed doc. stating that was all they were asking for and what my payments would be. Now the day my funds should be available to me, they are asking for additional 900.00 because of my credit. Is this legal...
Asked on 10/21/08, 1:29 pm
1 Answer from Attorneys
Donald W. Hudspeth
The Law Offices of Donald W. Hudspeth, P.C.
Re: breech of contract from lenders
Have you googled the name of the company you are borrowing from and/or called the better business bureau and the attorney general to make sure they are on the up-and-up?
Answered on 10/21/08, 6:10 pm
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