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"
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 [...]
Interest Rate Hikes for MBNA Customers
There has been a flurry of complaints surrounding the sharp and unexpected increases in rates of interest payable by users of MBNA credit cards. To make this look slightly more devious, this is tending to take effect around the time that customers come to the end of their introductory low or zero rated interest periods. [...]
July 27th, 2008 | Catriona | 12 comments | Continued
