In other words, you can cancel the credit part of the arrangement, but not the agreement to buy the goods. You cannot simply take the goods back. You must, however, pay interest for the period for which the credit was provided and the lender's reasonable costs of the cancellation. No right to cancel in certain cases You don't have the right to cancel if the credit is provided for less than two months and you haven't used any of the credit to pay the lender for money owed under a different credit contract. The cancellation notice The cancellation notice does not have to use any particular words. It can be expressed in any way that shows you intend to cancel or withdraw from the contract. You can give the cancellation notice (and return the goods or money, or pay the cash price) to a lender by giving it to them or their agent or employee, or by posting it to the lender's last known home or business address. (The cancellation notice can also be given by email or some other form of electronic communication if the lender has agreed to this being done.) Creditor's failure to "disclose" makes the contract unenforceable The law requires lenders to give certain information to borrowers (this is called "disclosure"). If you were not given this information within the time limits that the law specifies, the lender cannot enforce the contract against you. This means that they are not able to: enforce the requirement that