Asked 2w ago
Is there anyway to avoid this full payment?
2 things you can do:
Talk to the service provider that you wish to cancel the service and if they agree, check the lost that you will be incurring (usually full amount less amount / charges of services that you have consumed), which is a lot but better than nothing or better than continue paying something you don't need.
If the service provider do not agree to any form of cancellations without partial refund, write in to CASE and go down and talk to the officer with your receipts, invoice, payment etc and they would be able to provide alternative options.
Hope you may cancel the plan and get back some $.
I don't work in a bank nor a retailer with such services but i asked a similar question a few years ago.
Short answer: no.
Reason being the installment is a facility provided by the bank. ie. The bank has paid the retailer in full so you actually owe the bank the full charge, not the retailer.
Hence I think your best hope is to go to the retailer and see if you can get any recourse. Otherwise... too bad. Take it as a lesson learnt or see if you can sell the package to someone else.
The credit card instalment plan is a service that allows you to enjoy the full good or service without paying for it in full upfront.
Since you have made the purchase, therefore there is no known way to cancel the instalment without paying in full (through the instalment).
On the other hand, you may opt for an early repayment, but there may be a charge associated with it.
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