Legal Question in Credit and Debt Law in California

Re: early termination fees

Who cares what they "told you"? Read The Friendly Contract. Even though the $500 early termination fee is probably in the contract you signed without reading, $500 is a little much and I doubt it would hold up in court,

Re: early termination fees

You need to review the contract you signed or the terms they gave you regarding the early termination fee. Contact them and insist that they provide you with a copy of the contract you signed agreeing to pay this fee. If they cannot, insist that they stop attempting to collect it. If they do provide a copy, you can go the route of claiming that you were misled by their salesperson, however, if their contract is well-written (which most I have seen are), then it will include a clause which essentially says that you have read, understand the contract and that all of the terms of the agreement between you and the merchant account providers is contained in writing, and that no oral representations are included in the terms of your agreement with them. In essence, if the contract contains this clause, the representations made by the salesperson are probably not a defense.

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