Credit Agreement
- regulated by the Consumer Credit Act 1974
Agreement between you, the customer, and us
OLDRID & CO. LTD. 11 STRAIT BARGATE BOSTON,
LINCOLNSHIRE, PE21 6UF. Tel: (01205) 361251
Your Credit Limit
Your credit limit will be determined by us from time to time under the agreement and notice of it will be given by us to you.
Payments
You must make monthly payments within 25 days of the statement date of at least the minimum sum shown on the statement (£10 or 5% of the outstanding balance, whichever is greater).
Interest Monthly rate 1.39%
Typical Annual Percentage Rate (APR) 18.0% variable
The APR does not take account of any variations of interest which may be made at any time at our discretion on commercial grounds, by notice under clause 9. See Option Account Terms.
YOUR RIGHTS
The Consumer Credit Act 1974 covers this agreement and lays down certain requirements for your protection which must be satisfied when the agreement is made. If they are not, we cannot enforce the agreement against you without a court order. |
The Act also gives you a number of rights. You have a right to settle this agreement at any time by giving notice in writing and paying off all amounts payable under the agreement.
If you would like to know more about the protection and remedies provided under the Act, you should contact either your local Trading Standards Department or you nearest Citizens' Advice Bureau.
LOSS OR MISUSE OF ACCOUNT CARD
If the account card is lost, stolen or misused by someone who obtained it without your consent, you may be liable for up to £50 of any loss to us. If it is misused with your permission you will probably be liable for ALL Losses.
Please notify any loss or theft to the Credit Sales Manager at our address above. The cancellation statement below does not apply if this agreement is signed on the company trading premises.
YOUR RIGHT TO CANCEL
Once you have signed, you will have for a short time a right to cancel this agreement. You can do this by sending or taking a WRITTEN notice of cancellation to the Credit Sales Manager at the Company's address shown above.
If you cancel this agreement any money you have paid, goods given in part-exchange (or their value) and property given as security must be returned to you. You will not have to make any further payment.
If you already have any goods under this agreement, you should not use them and should keep them safe, (Legal action may be taken against you if you do not take proper care of them). You can wait for them to be collected from you and you need not hand them over unless you receive a written request. If you wish, however, you may return the goods yourself. |
