bank surprise

hi everyone,
2 years ago i took a loan from a bank, and i had to pay every month some money until i completed this loan. Because of my work program, being away from my city almost all the time, i could't pay my last 3 rates.
3 weeks aglo i have recieved a notification that i have 5 days until i must pay ALL the rest of the money to the bank.
Well my lawyer sent them also a letter, saying that they are unfair to me because when i signed the contract with them i didn't recieve any copy of the contract, and becasue of this i could not know the risk i could get into if i don't pay every month,regularily, those money. Also, he requested them to review that notification and find a solution good for both parts, he told them that i will not pay the entire loan because it is impossible for me to find all the money in only 5 days. He also told them that if they don't find a way, i reserve my right to sue them and go to court about this.
well, now came the surprise.. and i really wasn't expecting anything like that.
They called me within hours of recieving my letter, saying they reviewed my loan situation, and agreed that it was their mistake for me not recieving my copy of the contract. They said they want to avoid any trials about this situation, and told me they are willing to cancel all my loan.
this is really strange,

i did not expect anything like this, mostly from a bank. but i believe they know they can lose if we go to court , and i think there are a lot of people in my situation that didn't recieve their copy from the contract. maibe they want to avoid that possible trial being mediatised, maybe thay would get into big trouble if something like that would happen.
anyway, thought i have to share this to you, maybe it is a unique situation


regards, Mike

ps: is wans't a big ammount of money, maybe if it was higher everything could have gone completely differently.

Hi Mike,

That was a very good result for you.  I'm guessing that you probably could have made some money out of them because of their error and hence they settled quickly and amicably.

Well done to you and well done to your lawyer for being on the ball.

blue

That is true Blueday, I have a friend that was being hassled by a loan company and she didn't have the money at the time to clear her debt and they would not work with her. she stopped answering her phone because they called her constantly and was really nasty to her. She went to a debt counsler because she didn't know how to deal with the situation and they helped her by representing her legally. She ended up with her debt forgiven and a settlement in her pocket and never had to go to court over it.

I'd doubt though they'll loan again,  But every so often the little guy wins

Mike,

Nicely done, when owing money to a bank it can almost seem hopeless and so very worrisome when you havent paid them, you had the insight to get a lawyer to their unfair practices on their threatening letters. Also i'm seeing a good man in you, you pay your bills doing the right things in life sometimes good things will come back to you lol

Good for you Mike, I am glad everything worked out for you hun. 

Yes, it really was a nice surprise and I am glad for you,Mike!