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Cooling Off Period
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No one will know that you have spent some and replaced it with other funds. We're not talking marked banknotes here.0
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No, you dipping into the loan will be an issue, as long as you return the money plus any interest you will be fine.0
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You're worrying about nothing.0
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The loan search and the loan will most likely show on your credit record but marked as satisfied with £0 balance.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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They wont care.
Well, as long as you haven't borrowed 10k, spent that on something, then replaced the 10k with money that "fell off the back of a lorry". That might raise an eyebrow or two!
In debt and looking for help? Look here for the MSE Debt Help Guide.
Also, If you need any free and impartial debt advice, the National Debtline, Stepchange, and the CAB can help.0 -
Look at your agreement under "cooling off period" it will list the procedure for canceling the loan, unless it specifically states you must pay interest, you may not have too.
There are some deep thinkers on this forum, if only banks were as diligent as people think they are.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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