We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Cancelling finance on sofa

jprior93
Posts: 1 Newbie
Hi there,
first time poster. Today myself and my partner got a sofa from Oak Furniture on finance without realising the interest on it (9.9%). We obviously want to now cancel this and go through a company on 0%. This was only done at about 5:30 this evening and we would not start paying until the sofa is delivered (1st October). If we are to cancel tomorrow, would this in anyway affect our credit rating/score or have any future repercussions?
thanks for any help in advance!
first time poster. Today myself and my partner got a sofa from Oak Furniture on finance without realising the interest on it (9.9%). We obviously want to now cancel this and go through a company on 0%. This was only done at about 5:30 this evening and we would not start paying until the sofa is delivered (1st October). If we are to cancel tomorrow, would this in anyway affect our credit rating/score or have any future repercussions?
thanks for any help in advance!
0
Comments
-
If you withdraw from the agreement, nothing should show.
If you cancel or settle it, it will show as a closed and settled account.0 -
The credit searches will still be visible though
0 -
As above. You have a 14 day cooling off period.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards