Withdrawal from the Good Credit Agreement

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The most popular financial products we can find in the offer of non-bank institutions. By default, it is granted for a period of 30 days. If, after taking out such a loan, we decide that we have made a mistake or made it too hastily, we always have the right to terminate such a contract.

The right to resign is regulated by the Consumer Credit Act of May 12, 2011, which regulates the activities of non-bank loan companies. Here is the record that interests us:

How to withdraw from the Good Credit payday loan agreement ?

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As you can see, legal regulations are a guarantee for us that in any non-bank company we can decide to withdraw from the loan agreement. When we decide on such a step, we will have exactly 30 days from the date of submission of such a statement to return the entire amount borrowed to the lender’s account.

The said statement should be available on our lender’s website. If we do not find it here, we can use ready-made withdrawal forms from the loan agreement, prepared by the experts of the Loan-Portal. All files are below.

Termination of the Good Credit Agreement

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In the framework agreement of the loan, we will find provisions regarding the right of withdrawal. It is worth knowing that the borrower has the right to withdraw from the contract without giving a reason within 14 days from the date of the contract. In addition, you must remember about a notice period of 1 month. Early repayment may involve additional costs and fees. The withdrawal form can be found on the official Good Credit website in the ‘Documents’ tab, and it will be exactly Annex 2 to the Framework Loan Agreement called ‘Model statement of withdrawal from the Agreement’.

Withdrawal from the Good Credit contract – consequences

Withdrawal from the Good Credit contract - consequences

As we have already mentioned, loan companies may add additional fees or costs to us. In the case of Good Credit, the borrower shall not bear the costs of withdrawing from the contract, except for interest in the amount of twice the sum of the reference rate of the National Bank of Poland and 3.5 percentage points, i.e. twice the statutory interest indicated in art. 359 § 2 of the Civil Code of April 23, 1964 (Journal of Laws No. 16, item 93, as amended) (maximum interest), for the period from the date of payment of cash under the loan to the day of repayment.