3 Yr Interest Free Credit from DFS

Legacy_user

Dear All,

I have just bought a 3 and a 2 seater sofa, and filled and signed a 0% credit agreement, 1st year free with debt beong paid off in year 2 and 3 by equal instalments. I also paid for a 5 yr anti-stain warranty but when I read the small print (yes after the signing ... doh!) its not worth the paper its written. Exclusions include everyday soiling resulting from normal use, unidentifiable stains, and basically I have concluded that I have wasted £145.00 and could have got cheaper cover on my contents insurance.

I was told by the sales rep that I could not change my mind once I signed the agreement. Is this correct? The credit agreement is with Hitachi Capital regulated under the Consumer Credit Act 1974.

Any help/advice appreciated.

Regards

Justin

[Deleted User]

I'm sure someone will correct this if wrong (I have been out the CAB for a while) but -

Under the Consumer Credit Act, 1995, you have the right within 10 days to reconsider a credit agreement. If, within those 10 days you change your mind, you can refuse, IN WRITING, the agreement on offer without obligation.

If you are outside the 10 days then unfortunately you are tied to the contract.

gibby

yes you can cancel if in 14 days

but

the dfs deal is a bit daft


firstly its a con as you pay a higher price for the goods
there selling point is how you pay not the goods.

there are plenty of factory oulets that sell the same gear for 70% less

I now as a frend works for one and sells the dfs 1000 quid sofa for 250 quid


the other dangerous thing is that the quality of some of the gear is not great
so before 3 years the sofa is gone and you are still paying for it


get a book "rich dad, poor dad"
well worth the 7 quid to save you a fortune


G