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Personal Loan 7 day cooling off

kenchov1
kenchov1 Posts: 92 Forumite
Ninth Anniversary 10 Posts Combo Breaker
in Credit file & ratings
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?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If they decided they didn't want the loan, then they would just pay the remaining balance.
  • Tixy
    Tixy Posts: 31,455 Forumite
    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 give
    or "It costs nowt to be nice"
  • kenchov1
    kenchov1 Posts: 92 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    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 given
This discussion has been closed.
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