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Are you saying that they are prepared to pay you back all that you paid them and fix your credit rating but they are l not acknowledging that you were harmed because your credit rating was hurt for seven years and because you could not obtain another loan to go to school?
Can you prove that you would have gone to school had you been able to receive a loan?
Can you prove that you were denied loans, credit cards or mortgages because of your credit rating?
Also, can you explain to me why you let this go for seven years?
I am so sorry to hear that.
They are scared you are going to sue and that is why they want you to sign by Friday.
But you cannot sign until you see a lawyer face to face. It may be hard to sue. It will be very expensive, could take years etc. But if you retain a lawyer to threaten to sue them I would suspect their offer will go up quite a bit.
It would be well worth your time to see what they do when given a demand letter for a more substantial sum from a lawyer.
They won't give you what you ask for but they may give you enough that you will feel it is somewhat fair.
You should see a civil litigation lawyer.
You can contact the Law Society and use their Lawyer Referral Service. You will be given the name of a lawyer and can consult with the lawyer and the first half hour will be free.
The number is:
1-***-***-**** or(###) ###-####(within the GTA)
The letter would be a couple of hundred dollars I would think.
I cannot really advise about the range as you need a lawyer to review the details to determine how you suffered essentially.