How to cancel a course agreement

ivenoidea333

For the past six months I have been enrolled onto a Skillstrain IT course of which I am paying for by way of Hitachi Capital finance over 3.5 years. I have now found that this course is not for me anymore (the will & financially) and I am obviously out of the cooling off period of 14 days.
I would like to know how I can legally cancel the agreement and stop paying the £75 per month which I find is preventing me from buying other things that I need.
If anyone can help in this matter it would be appreciated as I do not want to be paying out £75 per month for the next 3 years for nothing.

with thanks

tom188

You must continue to pay unless you can negotiate with the firm to allow you to stop. To default would mean (a) you would be persued for the money by the bank, who have presumably paid your fees upfront to the firm. (b) you would say good bye to any new lines of credit for at least 6 years.

Unfortunately a change in your circumstances does not mean you can stop paying.

jonesMUFCforever

Fully agree with tom188.
Sorry if it is not what you wanted to hear.

joeblack066

What is the course? Seems really expensive to me!

peter999

See following threads:

Skills Train
http://forums.moneysavingexpert.com/showthread.html?t=268210

Compooteach
http://forums.moneysavingexpert.com/showthread.html?t=281998

peter999

JoeK_3

If I was you, I would speak to the Trading Standards office in their area and make a written complaint to the company.

If you do not get satisfaction, write to the Department of Trade and Industry. (DTI)

Good luck

JoeK

jonesMUFCforever

JoeK can I just ask on what basis do you advise that?

The OP voluntarily entered into an agreement to go on a course which cost £xx to which he got a loan to pay for it from Hitachi Capital finance.

It is the OP who wants to break this agreement so what is there to complain about?

JoeK_3

ejones999 wrote: »

JoeK can I just ask on what basis do you advise that?

The OP voluntarily entered into an agreement to go on a course which cost £xx to which he got a loan to pay for it from Hitachi Capital finance.

It is the OP who wants to break this agreement so what is there to complain about?

On the basis that it is not fit for the purpose.

Trade Descriptions Act would be a good place to start.

JoeK

Skeksis

Had a narrow escape with Computeach about 10 years ago, when I'd realised I'd signed up for a loan agreement at exhorbitant interest to finance the so-called 'course'. I managed to cancel within the cooling off period, or I'd probably still be paying the loan off now.

I then found the course I wanted at the local college part-time at night and it was really enjoyable and I passed, it was also peanuts in comparison to the Computeach course.

I'd steer clear of all these so-called training companies.

JoeK_3

Skeksis wrote: »

Had a narrow escape with Computeach about 10 years ago, when I'd realised I'd signed up for a loan agreement at exhorbitant interest to finance the so-called 'course'. I managed to cancel within the cooling off period, or I'd probably still be paying the loan off now.

I then found the course I wanted at the local college part-time at night and it was really enjoyable and I passed, it was also peanuts in comparison to the Computeach course.

I'd steer clear of all these so-called training companies.

That's subject to the company that is running the training courses of course and I assume that you are referring to the one that you mention.

JoeK

tom188

JoeK, I dont think your reason fits in with the OP's

JoeK wrote:

On the basis that it is not fit for the purpose.

ivenoidea333 wrote:

I have now found that this course is not for me anymore (the will & financially) and I am obviously out of the cooling off period of 14 days.

Getting bored and not being able to afford a course does not mean it is not fit for purpose, and as far as im aware these are not valid reasons to complain under the TDA.