I've done something a bit daft, come help me fix it

[BiggestMistakeMade]

Long story short I made a loan application for quite a lot (to me) of money, I didn't really expect to get it because my credit rating is shot, but apparently I did as the money's just been paid to me about 2 hours after making the application.

I am really stressed in general due to life stresses so I was dreaming of booking a few days away, it was just a dream to help cope with the stress, but I took it too far.

I can't really afford the repayments.

Anyone want to help calm my racing mind until I can decide how I fix this?

Contact the loan company and ask if it can be cancelled? There might be a cooling off period. Check the terms and conditions.

With most financial products there's a 14 day cooling off period - check to see if that applies here?

Is there a cooling off period? Check the terms, you should be able to return it with no penalty within a certain time frame. But you need to act quickly

Yes! Don’t do it! There will be a cooling off period so you can send the money back no problems.

Is it a payday loan?

Thank you all scanning the documents now to see if theres a cooling off period and how I repay it if so!

Fingers crossed!

For the love of God herself don't spend it! Just transfer the money back.

Although to be fair I'd be on the first plane to Thailand and pay it back forever.

DO NOT DO THIS

Looks like I need to ring them tomorrow to see how I repay it, but there is a cooling off period of 14 days as expected. I've stuck the money in an account I don't use and can repay from that card tomorrow.

Thank you everyone. Still stressed due to life but less worried about this loan now

Thought I'd update:

I spoke to a lovely lady on the phone as soon as they opened at 8am, paid back most of the money and have kept a small amount that I can afford to repay as a buffer which is what my stress level needs. I can always repay it early too.

Thanks for the help when I was in full blown panic last night.

Great news op well done for facing it head on and getting it sorted out.