Red Driving School Loan with Barclays

dugdug03

I wanted to learn to become a driving instructer, it was going to cost me £3,600.

When i was in the office i got accepted finance and signed the paper, i was never sent any credit agreements intill 1 year after when the payment was ment to kick in, only to notice they had charged me £3000 in intrest and my total repayment due was now £6,600

if i would i have known this i would have never done it, any advise from anyone?

marmitedog

You did google Red before signing I take it? Lots of stories on here and elsewhere about them. Not much of it is good either.

iolanthe07

Didn't you read the terms and conditions before you signed the agreement?

Apples2

Did you realise it wasn't an Interest Free Loan.

Nothing good was going to come of it anyway, Red simply take your money.,

dugdug03

surely they cant get away with it though, i feel as it has been mis-sold to me, it was, youve been accepted, sign this to confirm, no time to take it away and overview it, also i very suprised i even got the loan as i was unemployed at the time of being accepted

ILW

You could have taken it away and said I will bring it back tomorrow.

jonesMUFCforever

dugdug03 wrote: »

surely they cant get away with it though, i feel as it has been mis-sold to me, it was, youve been accepted, sign this to confirm, no time to take it away and overview it, also i very suprised i even got the loan as i was unemployed at the time of being accepted

You would have been given a cooling off period to cancel.

Why did you apply for a loan if you were unemployed?

ILW

jonesMUFCforever wrote: »

You would have been given a cooling off period to cancel.

Why did you apply for a loan if you were unemployed?

Cooling off period may not apply to agreement signed on trade premises.

hayton2k3

jonesMUFCforever wrote: »

You would have been given a cooling off period to cancel.

Why did you apply for a loan if you were unemployed?

I wanted to learn to become a driving instructer, it was going to cost me £3,600.

ILW

hayton2k3 wrote: »

I wanted to learn to become a driving instructer, it was going to cost me £3,600.

Are you now a qualified driving instructor?

dugdug03

ILW wrote: »

Are you now a qualified driving instructor?

No im not, i toke 3 classes, that was it