Denver, CO asked in Business Law and Contracts for Colorado

Q: Hi, I foolishly paid a fee for a loan consultant service when starting up a business; help me not pay?

I paid $2000 up front and then submitted my own bus plan, articles of incorporation, etc. I never received any offers for funding or help from them; I was told, not in writing- my foolish mistake- that if I did not get funding in 90 days that I would get a full refund; the manager is very hostile, even abusive in his tone and tactics; I am afraid to speak with him; I need someone to either negotiate cancellation of the remaining $1125 I owe or to work out a liberal repayment plan in which I pay only $50 a month; I cannot afford more. Thank

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1 Lawyer Answer
D. Mathew Blackburn
D. Mathew Blackburn
Answered
  • Licensed in Colorado

A: It's going to depend on the contract and whether they followed state funding laws whether you can get out of the obligation or get any money back. Let me know if you'd like to setup a consult and we can discuss costs and options.

1 user found this answer helpful

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