How do I get out of a loan agreement with train4jobs?

[JonPearson]

How do I get out of a loan agreement with train4jobs? I have been completely had through this company, my fault for falling for it but i really need help! Many Thanks

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

When did you sign up with the company ?

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

When did you sign up with the company ?

On the 9/10/17.

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

Ahh so outside of the timescales for standard cancellation via the form.

Have you started the course ?

Which company is the finance agreement with ?

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

Ahh so outside of the timescales for standard cancellation via the form.

Have you started the course ?

Which company is the finance agreement with ?

I have done the first two 'Tutor Marked Assignments'. The finance agreement is with TradeTech Ltd. I have made one payment of £160

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

That's a company I haven't heard of before - can't find them on the FCA register ( consumer finance firms need to be authorised by the FCA ) - is it this company ? https://beta.companieshouse.gov.uk/company/05645744

Any chance of a scan or photo of the agreements you have ? ( email admin@legalbeagles.info if it's easier than uploading them )

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

Ahh or maybe it's this one - https://beta.companieshouse.gov.uk/company/09594507 ( Tradestech Ltd - also not FCA authorised as far as I can see ) http://www.tradestech.co.uk/

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

That's a company I haven't heard of before - can't find them on the FCA register ( consumer finance firms need to be authorised by the FCA ) - is it this company ? https://beta.companieshouse.gov.uk/company/05645744

Any chance of a scan or photo of the agreements you have ? ( email admin@legalbeagles.info if it's easier than uploading them )

Ill email you shortly! Tradestech Ltd. no. 09594507

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

Thank you for those. Having a read through now .

Is the overall cost of the course the £1920 ? ( for the whole course )

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

Thank you for those. Having a read through now .

Is the overall cost of the course the £1920 ? ( for the whole course )

Yes that's correct

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Thank you!

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

Okay.

It seems they have changed how they do things to only offer a 12 month loan without interest/fees which means they don't need FCA Authorisation, so not a lot to do on that angle I'm afraid. Interesting that they have done that, but it being interesting doesn't help you.

So, did you sign up for the course in your home?

Did a rep from MIS ( Metropolitan International Schools t/as Train4jobs ) visit you following your making an appointment ?

What concerns / complaints do you have about the course which has made you not wish to proceed with the full year ?

Consumer credit firms offering only instalment credit agreements may be exempt from our authorisation. Find out the details here.

Your instalment credit agreement is exempt from our authorisation if it meets all of the following criteria.

Must
be repayable by no more than 12 instalments within no more than 12 months
be a borrower-lender-supplier agreement (that’s to say, it must finance the acquisition of specific goods or services)
be for a fixed amount


Must not
be an agreement financing the buying of land
be a conditional sale or HP agreement
be a pawn agreement
contain charges or interest (for example, there can’t be an admin fee)

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

Okay.

It seems they have changed how they do things to only offer a 12 month loan without interest/fees which means they don't need FCA Authorisation, so not a lot to do on that angle I'm afraid. Interesting that they have done that, but it being interesting doesn't help you.

So, did you sign up for the course in your home?

Did a rep from MIS ( Metropolitan International Schools t/as Train4jobs ) visit you following your making an appointment ?

What concerns / complaints do you have about the course which has made you not wish to proceed with the full year ?

I am unsure to whether or not i will receive the qualification specified.

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A rep came to my home and signed me up in my home, i didn't have time to read terms and conditions and stupidly didn't think until yesterday!

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I have contacted City and Guilds to see whether they're the awarding body and the same to BPEC.

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

Which qualification are you expecting to acheive with the course ?

On the agreement they call it 'Domestic Plumbing and Heating Foundation' which seems to be a basic starter course - did they say it led to a City & Guilds Qualification or NVQ etc ?
For info https://www.cityandguilds.com/qualif...mestic-heating

[JonPearson]

Re: How do I get out of a loan agreement with train4jobs?

At the End of 12 months I should receive

• City & Guilds Level 2 Diploma (6035) in Plumbing Studies
• BPEC 1999 Water Regulations
• BPEC NVQ Level 2

[Amethyst]

Re: How do I get out of a loan agreement with train4jobs?

This one https://www.cityandguilds.com/qualif...ab=information