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Business lender broke repayment agreement.
MsB_77
Posts: 3 Newbie
In March, I had 6 months left of a small business loan, but with the current situation I asked if I could make 50% payments for 2 months while we found out what was going to happen with working ect. They happily agreed and took the 50% payment in April, then I received an email early last week, followed by a phone call, confirming that the plan was still in place for May's payment, 2 days later they took full payment. I contacted them straight away and they said they would refund the difference, but I've heard nothing since. I emailed and the reply I got was that they are busy. Where do I stand with this?
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Comments
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You will have to keep chasing them.0
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Yeah, kind of gathered that myself, but what I wanted to know was do they have to pay me back as they only took the amount listed in our loan agreement.
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No, they don’t have to, you’ll be relying on them playing nicely here, so don’t go in all guns blazing.0
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