Mr SJ wants to get out of the finance agreement that funded him to attend the training course. He is getting a bit difficulties in keeping his outgoing, therefore he wants to stop paying his course.
The finance agreement was with Career Development Loan ltd, which is the government back scheme for people getting more skills trained.
It is very clear that he was into a triangle contracts.
He entered a contract with the training provider. Its term and condition says very clear that it cannot be cancelled after 7 days. However, you might get part of your money back, it really up to their management discretion .
He entered a contract with the finance agreement. The agreement is regulated by Consumer Credit Act. That means if he fails to keep up with the repayment, he will be in REAL trouble. However, he could ask for help from them. i.e. payment holiday, reduce repayment amount, or extend payment terms etc.
He All the docs says very clear, he is no right to cancel. He needs to pay the money back anyway.
Friday, July 03, 2009
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