CL Finance - CCA 1974 regulation compliance?

[Amethyst]

Received a letter and just wondered (without going and reading) how it stacks up against the Oct 08 requirements for information disclosure.

The letter is a statement of account and simply shows a 'bought forward' figure no other information.

On the reverse they state

This statement does not contain all the information which you are entitled to receive from us about your agreement. if you would like this extra information please get in touch with us to obtain it. We are required to provide you with this information within fifteen working days of receiving your request. The information we have omitted is as follows;

• the amount of credit originally provided
• the duration of the credit agreement
• the date of the agreement or the date of first movement on the account
• the rate or rates of interest applicable'

what do you reckon ?

[Curlyben]

Re: CL Finance - CCA 1974 regulation compliance?

Further background would be good, especially as I've only had 3 hours kip

If you are referring to the requirement for an annual statement of account then NO.
As it should show all transactions for the previous year.

[Amethyst]

Re: CL Finance - CCA 1974 regulation compliance?

actually I don't think there were as the bought forward date was 01-Oct-08 lol (its not addressed to me)

And get some more sleep xxx zzzzzzzzzzzzzzzzzzzzzzzzzz!

[Curlyben]

Re: CL Finance - CCA 1974 regulation compliance?

Wish I could..

[Paule]

Re: CL Finance - CCA 1974 regulation compliance?

We get a statmement like this this from them every month, showing the token payment they have recieved