black horse car loan.....agreement key imformation

bluegem

Hi, looking throught hubbys car loan agreement with black horse there is a section of key imformation one of the facts states

" you have no right to cancel this agreement under the consumer credit act 1974,the timeshare act 1992 or the financial services(distance marketing)regulations 2004"

I thought by law a credit aggrement should include a right to cancel policy!!:question:

any advice would be greatly apprecitated.

Bluegem x

CLAPTON

what sort of loan was it..HP, personal loan or what?
how much was the loan for ?

Tubbss

If a credit agreement was signed on trade premises you have no right to cancel - are you confusing the right to cancel with the right to voluntary terminate (providing the agreement is hire purchase)?

bluegem

Hi,its not hire purchase it's a fixed rate loan for £15000.

Bluegem x

CLAPTON

bluegem wrote: »

Hi,its not hire purchase it's a fixed rate loan for £15000.

Bluegem x

what's are you trying to achieve?

you can, if you wish, settle the debt early

bluegem

Claptop,not trying to achieve anything,just asking a question....

CLAPTON

bluegem wrote: »

Claptop,not trying to achieve anything,just asking a question....

has tubbss answered your question then?