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Law Question - September 16, 2014, 11:51 AM

A real quick law question for anyone who can help.

I live/work in Virginia. I used to work for a small company. Very long story short, they do some pretty shady stuff that is not always by the books, so I am wanting to see what my options are in the following scenario. I thank you all in advance for your advice.

Background: Two years ago I was offered a tuition reimbursement plan if I signed a Terms&Agreements document (which I signed). Basically, the TA document states that I have to work for the company for 2 years from the time of graduation or pay the full amount back to the company. NOWHERE in the TA document does it state terms of repayment, timelines, interest, schedule of payments etc. They reimbursed me a total of $XXXX, but I ended up leaving the company 1 year after graduation., thus I have to pay the full $XXXX back.

Problem: I am wanting to make monthly payments of $YYY until they receive back the full $XXXX. They are wanting the full $XXXX by the end of the year or else they will start charging me interest on the outstanding amount.

Question: Can they legally charge me interest and legally demand the money by the end of the year? Can I legally make the $YYY monthly payments with no repercussions?

I have NO problem paying the money back, but I cannot pay the full $XXXX back by the end of the year. Thus the monthly payments of $YYY.

Even if yall could point me in the right direction for online law sites, books, case examples, etc I would appreciate it! Thank you
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September 16, 2014, 12:12 PM

Generally, if the repayment terms are ambiguous, then the company can demand it immediately.

I'd be willing to bet it said "paid in full" somewhre in the fine print on that doc.
Good luck


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September 16, 2014, 12:13 PM

yeah you're toast
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September 16, 2014, 12:16 PM

Quote:
Originally Posted by Fitz View Post
Generally, if the repayment terms are ambiguous, then the company can demand it immediately.

I'd be willing to bet it said "paid in full" somewhre in the fine print on that doc.
Good luck
What he said. Things like that are all or nothing.



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September 16, 2014, 12:28 PM

Quote:
Originally Posted by Fitz View Post
Generally, if the repayment terms are ambiguous, then the company can demand it immediately.

I'd be willing to bet it said "paid in full" somewhre in the fine print on that doc.
Good luck
Thanks. Ill have to read the document again when I get home. Youre prob right though
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September 16, 2014, 12:31 PM

Now, say the company CAN demand it immediately, but they DONT. They allow me to continue with my $YYY payments. Are they legally able to apply interest without me agreeing to it and signing a document stating interest will be applied?
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September 16, 2014, 12:34 PM

Quote:
Originally Posted by !ThatGuy! View Post
Now, say the company CAN demand it immediately, but they DONT. They allow me to continue with my $YYY payments. Are they legally able to apply interest without me agreeing to it and signing a document stating interest will be applied?
No


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September 16, 2014, 12:39 PM

Sorry to hear and hope it all sorts out in your favor.

I have used these two forums in the past, at least my experience was good.

FreeAdvice Legal Forum

Legal Help

Good luck.


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September 16, 2014, 12:43 PM

Quote:
Originally Posted by ReasonableDoubt View Post
No
interesting. thanks for the replies.

Quote:
Originally Posted by maverickfhs View Post
Sorry to hear and hope it all sorts out in your favor.

I have used these two forums in the past, at least my experience was good.

FreeAdvice Legal Forum

Legal Help

Good luck.
Awesome. Thanks for the links.
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