October 14 2021

What Is A Running Account Credit Agreement

20. We may terminate this Agreement immediately (subject to termination under the Consumer Credit Act 1974) if you breach the terms of the Agreement. We may also terminate them in writing with 2 months` notice. We may suspend, restrict or terminate your right to obtain credit at any time for any objectively justified reason. If we do so, we will write to you before or immediately after this suspension, unless we are not required to do so by law. You can terminate the contract at any time by notifying us in writing and paying what you owe. 24. This Agreement shall be governed by and construed in accordance with English law, unless you were living in Scotland or Northern Ireland at the time of entering into this Agreement, in which case the applicable law shall apply to Scotland or Northern Ireland (depending on where you lived at that time) and the terms of this Agreement shall have their equivalent meaning closest to that jurisdiction. 12.

Payments by mail are made at your own risk. This clause does not constitute a waiver of your obligation to pay by direct debit if you are required to do so by this Agreement. Credit Limit: £The credit limit may be changed by us from time to time under this Agreement and we will notify you in writing of any changes for at least 7 days. You agree that we may pay the loan amount on your behalf directly to the credit intermediary to finance the premiums due under the insurance policies and the associated costs and expenses. Loan claims are used from time to time to fund insurance premiums. Monthly repayments will begin and continue to be payable on the same day of each subsequent month, pending a balance under this Agreement. Each time you claim a loan amount or reduce the amount you have used, we calculate the amount of your monthly repayments by adding interest at the then-current interest rate to the amount of the withdrawal, taking into account the outstanding balance at that time and dividing the sum of these amounts into an equal number of months, by which the claim is to be repaid. We will inform you of the amount of refunds and the dates on which they must be paid. You can make additional payments at any time. After entering into this agreement, we may change refunds in accordance with clause 6 and will notify you of the amount of new refunds and when they are to be paid. This Agreement has no fixed term. (e) you go bankrupt, enforce enforcement is imposed on any of your assets, or you enter into a settlement or settlement with your creditors without our consent; or (d) you otherwise breach any of the terms of this Agreement; A personal loan agreement that allows a person to obtain loans from a bank or other lender from time to time, provided that a certain credit limit is not exceeded.

Interest is charged on the amount borrowed during a given period. Under the Consumer Credit Act 1974, you have the right to withdraw from this contract without giving any reason. This right begins the day after the day you signed the contract and lasts 14 days from that day. To retract, you must inform us that you intend to do so by writing to customer service. Creation Consumer Finance Limited, Chadwick House, Blenheim Court, Solihull B91 2AA or by phone on 0871 376 9200. When you withdraw, you must repay the loans already granted to us and the accrued interest at the interest rate indicated above. This amount must be paid immediately and no later than 30 calendar days after the declaration of withdrawal. Upon request, we will immediately inform you of the daily amount of interest payable during the withdrawal period.

You must send the payment to the banking department, Creation Consumer Finance Limited, Chadwick House, Blenheim Court, Solihull B91 2AA marked for the customer account coordinator or call the above number to pay this amount by phone. .