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Ladder Loans - Withdrawal from credit agreement


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Hi all,

 

I made a big mistake and took out a Ladder Loans loan for £400.

 

Two days later I awoke in a sweat and knew I needed to make good this awful error.

 

I telephoned them and notified them of my intention to cancel under the CCA 1974.

 

I paid the balance of £401.61 and asked them if it would be registered to the CRAs.

 

They said it would, which I found hard to swallow.

 

I have cancelled the credit agreement in the cooling-off period and believe they cannot record the loan with the CRAs.

 

 

Am I right in thinking this?

 

Also, they have emailed me confirming settlement of the loan, not cancellation of the credit agreement.

 

Are they trying to pull a fast one here?

 

Any help is gratefully received.

 

Thanks.

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  • 4 months later...

Have you looked at your CRF?

 

Of course they will record it on there, but it won't be a default.

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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