To apply for a Time Order under the Consumer Credit Act 1974, your agreement must be a Consumer Credit Agreement.
Examples of Consumer Credit Agreements are:
- store cards;
- credit cards;
- rental and hire agreements;
- guarantor loans;
- personal loans (including secured loans, but not credit union loans); and
- hire purchase agreements (conditional sale and PCP plans are types of hire purchase agreements).
These must be agreements you entered into as a consumer and not as part of any business you operate.
Is your agreement a Consumer Credit Agreement?