Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Course loan
stuartjohnston81
Posts: 1 Newbie
in Loans
I took out a loan 3yrs ago with the aim of becoming a electrician. The training provide Train4trades sent out a training advisor to register me and complete a loan application. The loan provider is a company called Caledonian Consumer Finance.
Shortly after the course started I found out the course was not for me, as it was mostly distance learning, with very little tutor engagement. However I was stuck with a £7K loan which I'm still playing off.
Is there a way I can cancel this loan? I understand the training company may have breached FCA rules by canvassing off site, by visiting my home. Also by not being a broker, and not being authorised to enter any financial agreement with me. Is this the case?
Many thanks?
Shortly after the course started I found out the course was not for me, as it was mostly distance learning, with very little tutor engagement. However I was stuck with a £7K loan which I'm still playing off.
Is there a way I can cancel this loan? I understand the training company may have breached FCA rules by canvassing off site, by visiting my home. Also by not being a broker, and not being authorised to enter any financial agreement with me. Is this the case?
Many thanks?
0
Comments
-
Very unlikely. You were fine to sign the agreement at your home, or any other location. It gave you a cooling off period that you wouldn't have got at their premises, but that has long passed.
Do you have a link to their site or terms? It will have been CCF you entered into an agreement with for the finance. The training company will have been an introducer.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards