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Has anybody managed to xcancel the contract for this company. Only people I can talk to are the people demanding money. Was told I would be learning at college and home. Not what I originally signed for help please!! Wayne
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Re: Trades gateway
Hi Wayne,
I am currently helping my grandson with his brush with Trades Gateway.
My advice is look up the Consumer Credit Act 1974 and its amendments that cover what a lender can and cannot do, what details they have to give you, the checks they have to carry out to show the credit is affordable in your circumstances. Also look at the OFT (Office Fair Trading) guidance of irresponsible lending http://webarchive.nationalarchives.g...20140402142426. In our case there were multiple breaches.
It appears from my knowledge that the college representative is also the credit intermediary, it may well be that the college and the credit company are one and the same. The person arranging the credit should not target borrowers with credit products that are clearly unsuitablefor them, subjected to high pressure selling, aggressiveor oppressive behaviour or inappropriate coercion, orconduct which is deceitful, oppressive, unfair orimproper, whether unlawful or not.(direct lift from OFT) The representative of the college cannot make predictions for the qualifications or potential earnings that are unrealistic or downright lies
If they have breached the CCA or the OFT guidelines then the contract is illegal and unenforceable. That is the line we are going down, fortunately we have only paid a deposit and no monthly payments. After two missed payments the college cancelled the course because of nonpayment. What has it got to do with them as they had allegedly received nearly £5000 in tuition fees. If you have been treated the way my grandson was, i suggest you stop the payments, complain to the Financial Conduct Authority and if they harass you see a solicitor.
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