Finacial contract

[Barley]

I have recently signed an agreement to have new windows installed, and paid �50 deposit. I have also signed a contract for finance to pay for the windows, this is for �7,650.00 at an APR of 19.6%. I have passed the cancellation date of the contract, if I was to cancel the windows would I still be liable for any payments.

[Loosehead]

You are in breech of contract if you cancel. However if you make it clear that you will not pay then the DG company may well consider it more trouble than it's worth to sue for compensation. I am a little shocked that you signed up for a 19.6% deal when you can get a personal loan easily for 7% is some case as low as 5.7%.

[Mrs_Pegasus]

Question is do you the windows?  If you want them then you may be able to ask the company if you can pay for them by another means i.e. take out a personal loan. 

You could also say you cant afford the repayments due to personal circumstances and see if they would be willing to cancel the agreement. 

You are bound by contract as the previous aber said but some companies can be sympathetic to changes in circumstance and cancel the agreement.