a family loan was given ( they are not credit brokers)they were asked to pay off 2 accounts including interest and any settlement due on early payment . the lender had decided to keep the cash and settlement but not pay the account off so the borrower said no they will not pay this settlement if the account is not being paid so they just paid the balance are they in the right to do so?
2007-01-12 05:58:13 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
No, this is positively just not right.
2007-01-13 10:21:04 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You say that A loan was given, Then you say the lender decided to keep the cash.
If that was the case then no loan was actually given.
Therefore if no loan was given there is no outstanding balance settlement to be paid.
2007-01-13 15:13:12 · answer #2 · answered by angie 5 · 0⤊ 0⤋
Your question is very muddled
Who is the lender?
Who is the borrower?
What are the 2 accounts?
What is the settlement?
How much is due?
If you clarify matters then people can help you. As it is your question makes no sense!
2007-01-12 15:42:59 · answer #3 · answered by Biz Guru 5 · 0⤊ 0⤋
You need to clarify your question.
This does not make any sense. Sorry.
2007-01-12 14:02:41 · answer #4 · answered by Culture Warrior 4 · 0⤊ 0⤋
You have absolutely lost me on this question. Please try again.
2007-01-12 14:07:34 · answer #5 · answered by clarity 7 · 0⤊ 0⤋