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Loan Cancellation - Urgent
Need some advice...Is there a legal minimum time to cancel a loan?
I had work carried out by a company who are now getting dodgy over voucher incentives and I have signed up for a loan as of 30 Oct through the company, the small print on the loan agreement says 5 days but would I be right in saying that I have 14 days??
Yikes!
I had work carried out by a company who are now getting dodgy over voucher incentives and I have signed up for a loan as of 30 Oct through the company, the small print on the loan agreement says 5 days but would I be right in saying that I have 14 days??
Yikes!
0
Comments
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I can't find a link but you may have 14 days. Where did you sign the paperwork. If you signed on their premises you do not have any cancellation rights.
edit: looks like 7 days if not signed on their premises http://www.adviceguide.org.uk/index/life/debt/credit.htm#Regulatedcreditagreements0 -
Hello molerat
The agreement was signed at my home.
Cheers0 -
See my edit and link
0 -
Cheers again molerat, I also found this
http://money-watch.co.uk/3755/cooling-off-period-applies-to-renewals0
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