Applied for a term loan with bank and signed paperwork and returned as requested, when i was in bank interest rates had just gone up by .5% so i was a day out already and quoted a rate of 9.7%. received call today to say I was given incorrect rate as the old rates stay on the system for 5-days before clearing out and i was given this old rate. the new rate is 11.9%...!!! just wondering if anyone knows the legal standing on this, am I entitled to go after the 9.7% rate, I had no signed documents from the bank on this, both agreements have been signed and returned I have no copy.
tks
tks