• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • Please note that LegalBeagles is a public forum and the main areas are accessible to all, and as such, please take care your username or posts do not identify you. There is no need to post claim numbers, names or precise amounts to get support with your case. When uploading documents please ensure that you have properly redacted your personal details. Thank you.

question about protection rights when taking out a secured loan

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • question about protection rights when taking out a secured loan

    If you have purchased goods or services using the credit then in certain circumstances you may be able to take up any issues with the creditor, where you cannot get a solution from the supplier. However, the goods or services must be more than 30,000 in value and the credit taken out must not be more than 60,260.

    Can anyone explain the above to me? What are the certain circumstances they are referring to when purchasing services with a credit loan?
    Tags: None

  • #2
    Your request is a paragraph lifted from Compact Law article referring to Credit agreements and Hire Purchase, not necessarily secured loans

    The circumstances are:

    (a)that the supplier cannot be traced,

    (b)that the debtor has contacted the supplier but the supplier has not responded,

    (c)that the supplier is insolvent, or

    (d)that the debtor has taken reasonable steps to pursue his claim against the supplier but has not obtained satisfaction for his claim.

    As per Consumer Credit Act 1975 Sec 75A (2)

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

    Announcement

    Collapse
    No announcement yet.
    Loading...

    upgrade to vip

    Want exclusive access to forums, more privacy and a live chat box? Upgrade to become a bigger part of our community.

    only £15/yr

    Offers available. No subscription traps.

    sign up now



    Search and Compare fixed fee legal services and find a solicitor near you.

    Find a Law Firm


    Working...
    X