Finance Agreement Regulated

In the case of an unregulated agreement, you do not have the right to terminate the agreement prematurely or get a discount on interest charges, although some lenders may recover a small amount or generally accept a heavier penalty for you. (b) the agreement is entered into by the borrower, in whole or in large part, for the purposes of an activity carried on or for purposes carried on by the borrower. an agreement under paragraph (b) financing – according to the CSF, any repayment you make consists of both principal repayments and interest repayments – the interest element of the payment is most important at the beginning of the agreement. Consumer credit in the UK is governed by the Consumer Credit Act 1974 (CCA) and the Consumer Credit Act 2010 (EU Directive).