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Course loan
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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
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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
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