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Personal Loan 7 day cooling off
kenchov1
Posts: 92 Forumite
Hi,
Just wondering where I would stand on the basis of a personal loan where the first payment was made before 7 days had passed from recieving the loan.
This is a provident loan. The person who has it had to make a payment immediately upon getting the loan.
What is the standing on this?
Just wondering where I would stand on the basis of a personal loan where the first payment was made before 7 days had passed from recieving the loan.
This is a provident loan. The person who has it had to make a payment immediately upon getting the loan.
What is the standing on this?
0
Comments
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If they decided they didn't want the loan, then they would just pay the remaining balance.0
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Does the loan agreement state that there is a 7 day cooling off period?A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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Agreement does state that he was a 7 day cooling off peroid.
Agent asked to waive this and post date it.
Payment for the first week had to be given immeditely so that the loan could be given0
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