I recently had a loan app signing scheduled by the LO, the confirmation stated, I would be paid when the loan goes in escrow. I called back and stated very clearly, that was not sufficient, this load (LO) promised that I would be paid. I did the applicaton on 4/1, when I called for payment on 5/1, this bozo acted as if I was speaking martian.
Upon, faxing his confirmation, he and I went back and forth on the semantics of the letter and not the verbal that he had given me. Since I am no one's fool, I then started emailing his branch and put in a nice cc letter to the state AG about this deceptive practice. I also threatened the company's Dunns and Bradstreet rating with a nice collection letter about an unpaid vendor. Most companies are very leary when you start "real collection activity" Since, I collect as a profession, I am going to furnish this information and in the long run, this will costs them in interest rates way more than my piddly $125.
Sometimes it pays to just pay..
The point of this post is that more than likely you will get paid, even with a confirmation, some of the other posters will confirm, you can get stiffed also.
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