Legal Question in Credit and Debt Law in Virginia
Contract: Binding or Not?
I went to a seminar about a web-based business and agreed to start a web-base business to make money at home, in return this co. was to provide me w/all neccessary materials for a fee. I never started a business nor used any of their services. I also did not make any pmts for the services at all. I requested to cancel the plan but after the 3 day period, since I never used their service nor gave them any money am I liable for this dept? It is being reported on my crd report as a bad dept.
2 Answers from Attorneys
Re: Contract: Binding or Not?
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Re: Contract: Binding or Not?
I am not sure from your question whether you
actually received the package or not.
If you signed a contract and NEITHER side
fulfilled the contract (they did not send you
the package and you did not pay), then they will
have a very hard time collecting in court.
They would have to prove what they have lost by
the breach of contract, and because they did not
perform either, their losses would be $0.00. So
they would probably "win" $0.00.
However, if they sent you a package and you
simply did not use it, then you would be
responsible. It is up to you whether or not you
want to use what you buy.
So it is a little unclear from your question
what the situation is.
As far as credit reports are, busineses can
pretty much report anything they want on your
credit report, true or untrue. Thank your
Congressman for laws that make it almost
impossible to hold the credit bureaus
responsible. So there is really very little you
can do until they actually sue you in court.
Then they have to prove it.
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