R
Ralph Ritchey
Guest
Idaho. Terminated by employer and no reason given pertaining to my work for the company. I had outstanding draws at the time and and the president of the corporation told me that they would consider the money a consultation fee for any questions that the new bookkeeping service might have. At that point I considered the matter settled. Several weeks later I was verbally informed that I would have to pay back the advance. Then a week or so later I received a letter stating that I would have to pay the entire advance back by 12/1/99 or make payments of $150.00 a month with an interest rate of 12% payable no later than the 5th of each month beginning 1/5/00. If the payment is not received by their office by the 5th of the month a $25.00 late fee will be applied. I have no employment contracts with the company. What is my recourse?