• 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.

Assesment of catalogue credit from the OFT

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

  • Assesment of catalogue credit from the OFT

    Consumer Credit Interventions Evaluation
    Prepared for Office of Fair Trading
    By IFF Research
    June 09


    Interesting read regarding the use of the CCA by catalogue companies.


    Originally posted by introduction
    8.1 The final case study looks into the business practices of Catalogue Mail Order Companies (CMOCs). A concern regarding certain CMOCs is that they operate on the basis of unsigned credit agreements, that is, they send out catalogues which include a credit agreement but consumers are often unaware of the agreement, its precise terms and their statutory rights. CMOCs may nevertheless continue their business as if the agreement has been signed. Some CMOCs may impose default and administrative fees or hire debt collectors to recover outstanding payments which in turn may negatively affect the consumer’s credit rating; sometimes without consumers being aware of this at all or signing a credit agreement.
    “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

    Find Solicitors offering fixed fees on our sister site - JustBeagle.com

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