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Withdraw from new loan
Hi
Applied for a loan from TSB yesterday that was instantly approved ready for payment
after doing some more shopping around I found a lower rate that was also approved
I called TSB this morning to cancel the agreement but they have said that it is now too late to stop a payment run that will be paid into my account after 18.00 today and that I will have to call back after the funds have been paid into my account to return the funds and this may incur interest charges.
What im asking is can I tell them I don't want the funds putting into my account or is this normal practice to accept the funds and then return at a cost?
thanks for any help
Regards
Andy
Applied for a loan from TSB yesterday that was instantly approved ready for payment
after doing some more shopping around I found a lower rate that was also approved
I called TSB this morning to cancel the agreement but they have said that it is now too late to stop a payment run that will be paid into my account after 18.00 today and that I will have to call back after the funds have been paid into my account to return the funds and this may incur interest charges.
What im asking is can I tell them I don't want the funds putting into my account or is this normal practice to accept the funds and then return at a cost?
thanks for any help
Regards
Andy
0
Comments
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If the funds are already on their way, you will need to return them.0
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You have a cooling off period of 14 days, but interest will/may be added for the time you have the money in your account.I came into this world with nothing and I've got most of it left.0
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Why? Does a big post count mean you have a big pen*s?:DI came into this world with nothing and I've got most of it left.0
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Generally no, although I'm an exception to the rule, obviously.
Once you hit a magic number of posts though, you can start posting links to all sorts of exciting and attractive purchasing opportunities.0
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