What happens if I take out Cred flexible credit and change my mind after?

What happens if I take out Cred flexible credit and change my mind after?

You have 14 days from the day after you receive confirmation of your initial credit limit to tell the Cred team that you want to withdraw from the agreement. Confirmation of the initial credit limit will be emailed to you when your application has been approved and you've signed your credit agreement.

You can withdraw from the agreement by writing to:

Cred 

Customer services ~ Withdraw Dept.
Glasshouse

Alderley Park

Macclesfield

SK10 4TF


emailing: help@getcred.co.uk or calling 03330 030085. If there is a balance to clear, the Cred team will tell you how much to repay and how to pay it. You’ll then have 30 days to pay what you owe, including any interest.

    • Related Articles

    • Who are Cred?

      Cred is a direct lender offering responsible credit directly to UK consumers. You can easily access our mobile app on the App Store or Google Play Store, or simply visit our website for quick access to download links Cred offers customers a flexible ...
    • Can Cred change my interest rate?

      Yes, we can change your interest rate, but we’ll always give you at least 30 days’ written notice before doing so (if we’re reducing your rate, we may give shorter notice). We’d only make this kind of change for specific reasons — for example, to ...
    • Is Cred regulated?

      Yes. Cred Originations Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 688840. Your credit agreement is covered by the Consumer Credit Act 1974, which gives you important rights, including a ...
    • Will you carry out a credit search?

      As a responsible lender, Cred will always carry out a credit search. A credit search will be performed when you submit an application for a Cred account which will leave a “hard footprint” on your credit report. Checking your eligibility for Cred ...
    • Can I use Cred like a personal loan?

      Yes. When you apply for Cred as a personal loan, the full amount you have requested is paid directly into your bank account immediately upon approval. A fixed amount repayment schedule is set up at the outset, so you'll know exactly what you'll repay ...