Customer Credit Agreement

You`ll find out how to calculate CBT in the Ministry of Business, Energy and Industrial Strategy (BEIS) Guide to Consumer Credit Rules. Download Consumer Credit Guidelines (PDF, 563K). In some cases, the consumer may challenge the agreement in court and bring legal action because the relationship as a whole is unfair to the borrower. Key characteristics of credit – presentation of credit characteristics, indicating the importance of bank customers providing the financial institution with accurate and complete information and clearly indicating the purpose of the loan they wish to borrow. Different types of consumer credit have different characteristics and costs. Determining the amount of interest, expense and potential that is paid to the client during the period to which the return relates; As with pre-contract information, there are rules on what should be in the credit contract document signed by the borrower. This document must also be clear, concise and easy to understand. Standardized information sheet for remote agreements – in general. B for private loans, car loans, credit line and credit card agreements, provided that the conclusion and conclusion agreements are made exclusively through remote communications; The borrower must have the opportunity to ask questions and explain the agreement further. You are also advised to take into account the pre-contract information and to be able to take it with you for shopping.

In most cases, it must be provided in a standard format, the “pre-contract credit information” form, to improve comparability and understanding. All clients must testify regularly. You can also request additional returns – as often as once a month. Institutional credit transactions also include revolving and non-renewable credit options. However, they are much more complicated than retail agreements. They may also include the issuance of bonds or a credit consortium when several lenders invest in a structured credit product.

2020年12月6日 11:38 PM   未分類