Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974
The amount you have to pay in order to have nothing further outstanding is one half of the total agreement price, nothing to do with how many payment you have made, keep in mind that this is the total you have paid so it will include any deposit or trade in at the commencement of the loan.
ie total amount paid/ total agreement price = 1/2 = nothing further to pay
The amount you have to pay in order to have nothing further outstanding is one half of the total agreement price, nothing to do with how many payment you have made, keep in mind that this is the total you have paid so it will include any deposit or trade in at the commencement of the loan.
ie total amount paid/ total agreement price = 1/2 = nothing further to pay
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