moneys

iTrader: (5)

Can you cancel your credit agreement?

• Signed on trade premises
  Credit agreements signed at the trader's premises are not cancellable once both you and the finance company have signed the documents. At this stage, they become legally binding on both parties.

You may, however, have a very short window of opportunity to withdraw from the deal if the creditor has not yet signed their part of the agreement. In these circumstances, you should telephone the creditor immediately to establish whether the agreement has been signed. If not, inform the lender you wish to withdraw. Make a note of what was said and the name of the person you spoke to. You should then confirm your withdrawal in a letter. Send it by recorded delivery and keep a copy. Once you have withdrawn, you are entitled to a refund of any deposit you have paid. You should be aware that many retailers are entitled to sign credit agreements for, and on behalf of, the creditor and, therefore, you would not be able to withdraw as it would be binding when signed by the retailer.

• Signed at home
  You have a statutory right to a cancellation period if you signed your credit agreement away from the trader's premises, e.g. you signed at home and you talked to the seller about the deal face-to-face (rather than only on the telephone). The agreement should contain a notice of your cancellation rights.

When you have signed the agreement, it will be sent to the finance company for an indication of the company's acceptance of the deal by adding an authorised signature to the agreement and sending you a second copy through the post. The cancellation period runs from the date you signed the agreement and ends five days after you received either the second copy signed by the creditor or a separate notice of your cancellation rights. In such circumstances, it is essential that you act quickly and notify the creditor immediately, in writing, that you wish to cancel. If you have not been given notice of your cancellation rights, the agreement is unenforceable. Keep copies of any correspondence you send and obtain proof of postage.
When an agreement and any linked transaction are cancelled, you are entitled to have any deposit you paid returned.
If you have entered and then cancelled an agreement, you do not have to pay interest on money received if it is returned within a month of cancellation or, if the credit is repayable in instalments, before the date of the first payment.
If you have received goods financed through an agreement, which is subsequently cancelled, you are obliged to take reasonable care of them and not dispose of them until they are returned to the supplier.
If the cancellation period has expired
Once you have signed the credit agreement and any cooling off period has ended, any rights you may have to cancel your agreement will be included in your contract and will depend on the type of credit you took out.

• Credit card agreements can be cancelled by writing to the creditor and making arrangements to repay any money you owe.

moneys

iTrader: (5)

ooooh nice totp

jaytc2003

iTrader: (1)

thought you hadnt signed anything though

jaytc2003

iTrader: (1)

thats one heck of a post for a totp

anyone coming in here will think its a serious thread

jaytc2003

iTrader: (1)

on minestrone soup for dinner with a granary roll

jaytc2003

iTrader: (1)

it was tres good ya

scoobyverysoon

iTrader: (1)

Christ thought i had the wrong thread then

scoobyverysoon

iTrader: (1)

I warned you told you to go on bethere

scoobyverysoon

iTrader: (1)

Just wait for your fair usage warning even on unlimited Tiscali/virgin/sky they all pull that one

clsbscooby

iTrader: (1)

i'm glad my talents are recognised so far they are making brews and corners

jaytc2003

iTrader: (1)

ive not had a fair usage on sky and I #cough# use it a lot (pc at home on all the time running #ahem#)

clsbscooby

iTrader: (1)

you can still come on and visit

jaytc2003

iTrader: (1)

awwww thanks, thats the nicest thing anyone has ever said to me today

moneys

iTrader: (5)

i havent, ive also got a 28 day cooling off period so i think it will be scousers1 bradford 0

jaytc2003

iTrader: (1)

im bored shedless

jaytc2003

iTrader: (1)

few mins to go

jaytc2003

iTrader: (1)

cant wait to get in traffic, thats how bored i am today

jaytc2003

iTrader: (1)

pete higham

stressymare

jaytc2003

iTrader: (1)

evening all

jaytc2003

iTrader: (1)

see pete has done his random post for the day again

jaytc2003

iTrader: (1)

must have picked up some decent gear from somewhere

stressymare

evening Jay

scoobyverysoon

iTrader: (1)

Ive just had a massive poo

scoobyverysoon

iTrader: (1)

Heres my new toy

stressymare

TMI

jaytc2003

iTrader: (1)

you do realise you have loads of dead pixels towards the centre of your screen

jaytc2003

iTrader: (1)

evening stressy

jaytc2003

iTrader: (1)

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