I bought into some courses through Online Trading Academy in Cornelius, NC. I paid $15,000.00 and it was put on a credit card with Fifth Third Bank, through which I am making payments. Due to health reasons, I am unable to complete the courses and would like to get the balance refunded. I've written 2 letters, but have gotten no results. The balance is around $8,000.00
I would recommend that you have the paperwork associated with the course reviewed by a lawyer, determine if you have any right to a refund. Even though you are unable to complete the course, you might not be entitled to a refund per the terms of the program. Once a lawyer of use everything they can advise you to take appropriate action. Good luck.
This answer is for information purposes only, and does not establish and attorney client relationship. James Faucher is licensed to practice law in North Carolina only. You should always contact a local attorney to get location specific answers about the law.
Any paperwork you have with respect to your agreement with Online Trading Academy should be reviewed by a lawyer, who can then advise on whether you have contractual rights to a refund, per the agreement. If so, you may wish to retain the lawyer to send a demand letter on your behalf; it will likely be given more credence than a letter coming from you alone, due to the lawyer's ability to take further action should you authorize it. If you have contractual rights to a refund, and you do not get it by persuasion, either a small claims action, or a more formal lawsuit in District Court might be appropriate. One of the other aspects of the agreement that you should be sensitive to is whether the agreement contains a forum selection or arbitration clause, either of which would alter your strategy for contesting certain amounts in the courts. These issues and possible others can be discussed between you and your lawyer. I wish you the very best of health as we enter the summer months.
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