The Right to Cancel
The Consumer Credit Act does allow a cooling off period, but only for agreements which were discussed face to face, and then signed away from the lender’s normal business premises - i.e. at the consumer’s home, place of work or at an exhibition stand. The cooling off period for agreements made in [...]
All Posts Tagged With: "Credit Cards Equal Liability"
Consumer Credit Act And Your Consumer Rights
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 [...]
