There is a wealth of ways in which retailers make high priced items affordable - you can choose to ‘buy now pay later’, or spread the cost in monthly instalments, or both. Whatever method you choose, you will be party to a consumer credit agreement, which may involve a third party finance company. The [...]
September 15th, 2008 | Catriona | 0 comments | ContinuedAll Posts Tagged With: "APR"
Consumer Credit Act 1974: Credit Cards and Credit Agreements
Credit Cards
Perhaps the most significant aspects of this piece of legislation is Section 75, which imposes equal liability on the creditor for breaches by the supplier. In other words, if the company you are buying from goes bust or disappears, or if the goods turn out to be faulty and you can’t get recompense from [...]
