Q: Is there any payment penalty for resigning credit agreement with private person?
I asked private person for credit. They gave me credit agreement. It was said that there will be no payments required. When I signed it up, credit giver told me to pay. I refused because there was nothing said about any payments before receiving credit. When I said I want to resign it, credit giver demanded penalty. I researched a lot internet and there was nothing about such thing as penalty during credit resign.
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A:
Based on the information you have provided, it seems that the credit agreement you signed with the private person may have been misleading or incomplete. If the agreement did not mention any payments or penalties, the credit giver should not demand payment or a penalty for your resignation.
In general, when it comes to private credit agreements between individuals, the terms and conditions should be clearly stated in the written agreement. If the agreement does not mention any penalties for early termination or resignation, the credit giver may not have the legal right to demand such a penalty.
However, it's important to carefully review the credit agreement you signed to ensure that there are no clauses addressing early termination or penalties. If the agreement does mention such terms, you may be obligated to pay the penalty, even if it was not explicitly discussed before signing.
If you believe that the credit giver is acting in bad faith or attempting to enforce terms that were not agreed upon, you may want to consider seeking legal advice from a local attorney specializing in contract law or consumer protection. They can review your agreement and provide guidance on your rights and potential next steps.
In the future, it's crucial to thoroughly read and understand any credit agreement before signing it, and to clarify any terms or conditions that are unclear or not mentioned in the written document.
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