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    Neverseen's Avatar
    Neverseen Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 9, 2007, 01:19 PM
    My notice of cancellation has passed.
    I gave a home improvement company a deposit for some work that I wanted done on my house. I told the sales guy the deal would be based on the APR on the loan. He even noted that "pending load approval" on the contract that I signed.

    Today I find out the APR is more then I expected but because I did not cancel within the three days, there is not much I can do. I have not signed any loan agreements but have been approved, but at a higher APR then I wanted, not to mention payments for 180 months.

    Is there anything I can do to get out of this now?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Apr 9, 2007, 01:33 PM
    I assume to contract read loan approval, not load, but it looks like you are on the hook. You did not specify a loan rate, just approval. Have you asked the company to just release you? Woth a try.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #3

    Apr 9, 2007, 02:35 PM
    Quote Originally Posted by Neverseen
    Is there anything I can do to get out of this now?
    Hello never:

    Sure, but kiss your deposit goodbye. Write a letter to him. Send it certified, return receipt requested. Tell him that you cancel. For his trouble, you'll let him keep the deposit, however you will not let any of his workman on your property.

    Even if he sued you, he won't get paid for work he didn't do, and you don't have to let him come on your property. If he understands that you're serious, he SHOULD be happy just to walk away with your deposit.

    excon
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