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hire purchase/hire agreement


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HP is covered by CCA 1974. Don't know about hire agreement but as generally not credit I would think it unlikely. APR must be on HP agreement. HP is non-cancellable if signed on trade premises but cancellable if sold at your home or on the phone for a limited period. HP can be terminated as soon as you have paid half the total amount payable - this figure should be on the agreement but you have to give the goods back. Hope this helps you.

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