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CCA 1974 Regulated Annual Statements

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  • CCA 1974 Regulated Annual Statements

    Can someone kindly confirm what figure should be advised in the Amount of Credit Provided at the top of statements ?

    They also state AIR% and not APR% - Is that correct ?

    I have reviewed some recent statements and I have come across 3 different figures, one the Creditor advised was due to a IT hitch ?

    My figures are :-

    Amount of Loan / cash advanced £12,000
    Total Cash Price / PPI £2,142.43

    Amount of Credit £14,142.43
    Acceptance Fee £235.00
    MIF £1,320.00

    Total Amount of Loan £15,697.43

    And would also the above be a breach of prescribed terms ?

    Thanks
    Tags: None

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