Consumer Credit Agreements

Abstract

After reading this chapter you will know about:

• 1 the scope of the Consumer Credit Act 1974 with regard to regulated agreements

• 2 the difference between the hire-purchase contract, the conditional sale agreement and the credit sale agreement

• 3 the form and contents of regulated agreements and the consequences of non-compliance

• 4 the protection of the debtor in the form of the right to cancellation and restrictions on the creditor’s right to repossess

• 5 the consequences of termination of the agreement by the debtor or the creditor