If you received a credit for services, you will probably be reimbursed if you terminate the credit contract, if you have already made part of the payment, for example. B as a deposit. In both cases, you must notify the company in writing – details should be included in your credit agreement. However, there are types of credit contracts that the Consumer Credit Act does not cover. These include gas, electricity and water meter contracts, mortgages, credit unions and money borrowed by Dencern, to name a few. If you pay a pre-payment credit contract, the Consumer Credit Act reduces the total amount you pay. If you are still within 14 days of signing the credit contract, you will learn how to terminate a credit contract instead. In addition, interest rates on memory cards are often much higher than for normal credit cards. These may have longer interest-free periods than memory cards and interest rates similar to those of uns brandished credit cards, but you should always think about how you will pay them – be sure to do so before the end of the introductory period.
If you are accepted for credit, then be sure to give yourself time to read through all the fine print and pay attention to the most important things we mentioned. It may be a bit laborious, but you could save yourself a bit of confusion on the street. It may be best for you to take an interest-free credit card or personal credit. You can talk to an advisor if your agreement is not covered or if you are not sure – contact your nearest citizen council. Credit contracts also cover other types of credit. These include credit purchase contracts, lease-to-sale contracts and conditional sales contracts. It`s worth reviewing your credit agreement to see if you have to pay hidden fees such as management fees or prepayment fees. A rental contract (HP) is often offered when you buy a car or furniture. If you register but change your mind, there is a 14-day cooling-off period during which you can terminate your contract.
This is true for all types of credit agreements, not only are card store cards a form of credit card, but you can only use the card to make purchases at that particular store or group of stores.