Short-term non-bank loans offer clients to receive financial support on attractive terms while minimizing formalities. In this way, a positive decision will also be issued to some people whose application has been rejected by the bank. In the face of the financial crisis, however, we sometimes make decisions too hastily.
Therefore, if there are doubts about the contracted commitment, it is worth knowing about the possibility of withdrawing from the loan. This solution was introduced based on the provisions of the Consumer Credit Act of May 12, 2011 (Journal of Laws of 2011, No. 126, item 715, as amended). I am particularly talking about art. 53, which informs us that:
Art. 53. 1. The consumer has the right, without giving any reason, to withdraw from the consumer credit agreement within 14 days from the date of the contract.
How to withdraw from the Secure Bank payday agreement?
From the cited art. 53 of the Consumer Credit Act, we learn that we have 14 days from the date of conclusion of the contract to complete the relevant formalities enabling us to withdraw without any problems. For the contract to be terminated, it is necessary to provide the required statement.
Pursuant to the abovementioned provisions, the lender is obliged to provide its clients with a specimen form to be completed on a durable medium. However, it may happen that for some reason we have not received the document or we cannot find it. In such situations, we should independently develop the appropriate letter. Therefore, below is the pattern we created that will allow our users to efficiently complete all formalities and easily accept the statement. However, it is worth taking a moment and carefully checking whether the document was certainly not provided by the lender.
Termination of the Secure Bank contract
It happens that we mistakenly use the term withdrawal from the contract. In the case of Secure Bank, the second solution was not included by the lender in the loan agreement, regulations or information form. Assuming that consumers have the right to terminate, we may believe that the terms of access to this option are based on a standard procedure. However, for detailed information, we should contact the Net Cash lender directly.
Withdrawal from the Secure Bank agreement – consequences
When submitting a statement of withdrawal from the Secure Bank loan agreement, we will not incur any additional costs. However, we will be obliged to give back the money borrowed immediately. In practice, this means a deadline of no more than 30 calendar days from the moment the declaration is made. It is worth remembering that maximum capital interest will also be added to the original amount of the liability. In the event of delays, one should take into account the consequences of late repayment.
Withdrawal from the contract Secure Bank – how to deliver a letter?
The information necessary to properly go through the withdrawal procedure Net Cash can be found in the loan agreement. A sample document that must be sent within two weeks will be provided to us as an attachment to the contract. You can also find it by going to the “Document templates” tab and then clicking “Annex 1: Regulations”.
The document will be accepted only in writing after sending to the lender’s address given in the contract or annex. The necessary data can also be found below under the heading “Data Net Cash”.