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!
Right of Withdrawal on Loan Agreement : Credit file query
freeofdebt1977
Posts: 16 Forumite
in Loans
Hi,
I took out a loan but my circumstances changed and luckily I was still within the right of withdrawal before the end of 14 calendar days from when the loan was taken out. I paid the loan I obtained fully back the next day after I notified them of my intention to withdraw from the loan agreement.
How should this be correctly reported on my credit file can anyone advise please? -
1) If it was reported on my credit file should it be removed completely (including removal from closed accounts) as I withdrew from the agreement of the loan?
2)Should the loan be marked as settled within Closed Accounts even though I withdrew from the agreement prior to the end of 14 days?
Thank you
I took out a loan but my circumstances changed and luckily I was still within the right of withdrawal before the end of 14 calendar days from when the loan was taken out. I paid the loan I obtained fully back the next day after I notified them of my intention to withdraw from the loan agreement.
How should this be correctly reported on my credit file can anyone advise please? -
1) If it was reported on my credit file should it be removed completely (including removal from closed accounts) as I withdrew from the agreement of the loan?
2)Should the loan be marked as settled within Closed Accounts even though I withdrew from the agreement prior to the end of 14 days?
Thank you
0
Comments
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards