Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
If purchasing vehicle finance, regardless of the amount borrowed or the term of the agreement, provided at least 50% of the total finance has been paid, the vehicle can be returned to the finance company with no further costs involved and with no detriment to one's credit rating?
This only applies to a hire purchase or conditional sale agreement, where the vehicle is legally the property of the finance company. If arrears exist, these are also payable before the agreement terminates. Any PPI policy will not be terminated and payments made for that would not count towards the 50%.
As voluntary termination is a legal entitlement, it should not have any detrimental effect on your credit rating.
Vehicle finance covered by CCA.
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