A CHECKLIST FOR CREDIT ENQUIRIES

 

  • WHAT TYPE OF AGREEMENT IS INVOLVED?

  • IS IT REGULATED OR EXEMPT?

  • IS THE CREDITOR or OWNER LICENSED?

  • IS ANY CREDIT BROKER LICENSED?

  • HOW WAS THE AGREEMENT INTRODUCED TO THE DEBTOR or HIRER?

  • WAS THERE AN ADVERTISEMENT?

  • ANY WRITTEN QUOTATION OR OTHER DOCUMENT?

  • WAS THERE ANY CANVASSING?

  • IS THERE AN AGREEMENT?

  • HAS IT THE REQUIRED CONTENTS?

  • WERE THE COPIES GIVEN OUT?

  • WERE CANCELLATION NOTICES GIVEN?

  • WERE DEFAULT or TERMINATION RULES COMPLIED WITH?

  • WAS THERE ANY HARASSMENT?

Not all points will be relevant in every case, but using the list will help you to ensure that you do not miss any vital points in advising under the Consumer Credit Act 1974

Bob Imrie 27/05/04