Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974
Hello,
Apologies for the delay, only briefly looked at your issue [MENTION=99769]adaw[/MENTION] so cannot comment in full (I will later today) but for the purpose of the total amount payable the deposit is included as part of it. A deposit essentially helps to reduce the monthly instalments rather than count towards 50% of the total amount when you choose to VT.
As for the insurance, GAP insurance is commonly added to the total amount payable so unless it is a separate agreement with a separate direct debit or payment method, I can't see how you can be liable.
Like I said, I will take a proper look around lunch time and get back to you on this.
Hello,
Apologies for the delay, only briefly looked at your issue [MENTION=99769]adaw[/MENTION] so cannot comment in full (I will later today) but for the purpose of the total amount payable the deposit is included as part of it. A deposit essentially helps to reduce the monthly instalments rather than count towards 50% of the total amount when you choose to VT.
As for the insurance, GAP insurance is commonly added to the total amount payable so unless it is a separate agreement with a separate direct debit or payment method, I can't see how you can be liable.
Like I said, I will take a proper look around lunch time and get back to you on this.
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