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!
Cancel loan - 'Contact us within 14 calendar days of 15 September' - Cooling off period query
                
                    ellak0pella72                
                
                    Posts: 13 Forumite
         
            
         
         
            
                         
            
                        
         
                
                                    
                                  in Loans             
            
                    Hi all
I'm considering cancelling my loan as it may not be needed. I'm confused by this wording 'Cancel loan within 14 calendar days of 15 September' within my loan confirmation letter. Does this mean I contact them by/on the 28th (inc 15th within 14 days) OR by/ on the 29th (exc 15th within 14 days)? I did call them but the person I spoke didn't sound like the knew either and were guessing
I don't want to miss the deadline if I can avoid it... for obvious reasons.
Thanks
E
                I'm considering cancelling my loan as it may not be needed. I'm confused by this wording 'Cancel loan within 14 calendar days of 15 September' within my loan confirmation letter. Does this mean I contact them by/on the 28th (inc 15th within 14 days) OR by/ on the 29th (exc 15th within 14 days)? I did call them but the person I spoke didn't sound like the knew either and were guessing
I don't want to miss the deadline if I can avoid it... for obvious reasons.
Thanks
E
0        
            Comments
- 
            Better safe than sorry - cancel by the end of the 27th.1
 - 
            Why not just do it today or tomorrow? 🙄1
 - 
            Anyone able to help answer the question please? Earlier is not an option.0
 - 
            Have you actually received the funds from the loan company?0
 - 
            ellak0pella72 said:Hi all
I'm considering cancelling my loan as it may not be needed. I'm confused by this wording 'Cancel loan within 14 calendar days of 15 September' within my loan confirmation letter. Does this mean I contact them by/on the 28th (inc 15th within 14 days) OR by/ on the 29th (exc 15th within 14 days)? I did call them but the person I spoke didn't sound like the knew either and were guessing
I don't want to miss the deadline if I can avoid it... for obvious reasons.
Thanks
E
I read it as up to when they close on the 29th.2 - 
            
Well it's not rocket science, if you took out the loan on the 15th then you have 14 days to cancel, just add 14 onto 15 for the answer.ellak0pella72 said:Anyone able to help answer the question please? Earlier is not an option.
1 - 
            Why is earlier not an option? That makes no sense whatsoever.1
 - 
            
Not if it was Februarybris said:
Well it's not rocket science, if you took out the loan on the 15th then you have 14 days to cancel, just add 14 onto 15 for the answer.ellak0pella72 said:Anyone able to help answer the question please? Earlier is not an option.
                        0 - 
            
There are some dependencies related to why i took the loan out - reasons I don't have to share here.MinuteNoodles said:Why is earlier not an option? That makes no sense whatsoever.0 - 
            
Which is my thinking, but I need to know categorically. I'll call them again.bris said:
Well it's not rocket science, if you took out the loan on the 15th then you have 14 days to cancel, just add 14 onto 15 for the answer.ellak0pella72 said:Anyone able to help answer the question please? Earlier is not an option.0 
This discussion has been closed.
            Confirm your email address to Create Threads and Reply
Categories
- All Categories
 - 352.3K Banking & Borrowing
 - 253.6K Reduce Debt & Boost Income
 - 454.3K Spending & Discounts
 - 245.3K Work, Benefits & Business
 - 601K Mortgages, Homes & Bills
 - 177.5K Life & Family
 - 259.1K Travel & Transport
 - 1.5M Hobbies & Leisure
 - 16K Discuss & Feedback
 - 37.7K Read-Only Boards