IS YOUR AGREEMENT A CONSUMER CREDIT AGREEMENT?

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?