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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.



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If anybody is able to help I would be most grateful.

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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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