Letter to cancel a credit agreement before it starts

This letter is a request to cancel a credit agreement before it has started. Consumer Credit Act 1974.
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[Your Name]
[Your Address]
[City, Postcode]
[Date]

[Name of Creditor]
[Address of Creditor]
[City, Postcode]

Dear Sir/Madam,

I am writing to inform you that I wish to cancel the credit agreement that I entered into with your company on [insert date of agreement], before it has commenced. The details of the credit agreement are as follows:

Name of Agreement:
Agreement Number:
Date of Agreement:

I am exercising my right to withdraw from the credit agreement under the Consumer Credit Act 1974. I would appreciate if you could confirm in writing that you have received this cancellation and that the credit agreement will not be activated.

Please be advised that I have not received any credit funds or benefits from this agreement, and there is no outstanding balance or liability on my part. I request that you delete any personal information or data that you have collected or stored related to this agreement.

Please contact me if you have any questions or concerns regarding this cancellation. Thank you for your attention to this matter.

Yours faithfully,

[Your Name]

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