My question involves collection proceedings in the State of: Virginia
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, but it was not notarized). 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
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, but it was not notarized). 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
Loan Agreements: No Repayment Terms
