Consumer Credit Act – Required Information
The Consumer Credit Act and all of the various regulations and orders which have recently been introduced are very strict on what information must be presented to the consumer, when it must be...
View ArticleEnding a Credit Agreement
It should be once again pointed out that only certain types of credit agreements, made under certain circumstances have a statutory cooling off period. If you have signed an agreement in on trade...
View ArticleDefault, Arrears and Debt Collection Agencies
Default on payments The Consumer Credit Act (CCA) requires certain procedures be followed and specific documentation be provided in the event that two or more payments are missed. Within 14 days of the...
View ArticleDebt Collection Agencies
Debt collection is big business. As the use of Debt Collection Agencies (DCAs) increases, so have the number of complaints from the general public regarding the underhand, intimidating and often...
View ArticlePaypal Chargeback
When you make a purchase though Paypal you are not covered by section 75 of the Consumer Credit Act and therefore you cannot claim your money back from your credit card provider. However, Paypal...
View ArticleProtect Yourself When Using Paypal
What Consumer recommends that you only use Paypal when absolutely necessary due to Paypal Buyer Protection limitations . Where possible use a Credit Card for items over £100 to ensure the transaction...
View ArticleCredit and Debit Cards
An increasing number of us are routinely paying for goods with plastic. Using credit and debit cards has undeniable benefits: It allows us to track and manage our spending, it provides automatic proof...
View ArticleCooling off and Cancellations
Contracts are, by definition, legally binding, therefore it’s difficult to cancel without financial penalty unless you can prove breach of contract. In many situations however, such as buying goods...
View ArticleConsumer Credit Act
The Consumer Credit Act is a huge piece of legislation. Understanding it is not an easy task, made harder still by all the amendments and reforms which have taken place in recent years. Nevertheless,...
View ArticleConsumer Credit Act and Your Rights
The main consumer rights that the Consumer Credit Act 1974 provides for British consumers: Your right to cancel a credit agreement You have the right to cancel a credit agreement under the Consumer...
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