Information about your agreement, in accordance with the standard letter of the Consumer Credit Act, use this form letter to request a copy of your agreement and its documents, as well as a statement of your account with a lender. You may need to use this letter if you have lost your original agreement and want to check the terms such as interest rate, credit amount, and total number of payments. You may want a statement of account to check what the creditor thinks you paid into the account and when. Use sections 77, 78 and 79 of the Consumer Credit Act 1974 to make this application. Borrower – The person or company that receives money from the lender, who then has to repay the money under the terms of the loan agreement. If you don`t receive your CCA agreement, the financial company also can`t get you to pay off all your debts prematurely. You can always ask yourself to pay what you currently owe to the car, pass on information to the credit information service that may affect your creditworthiness, or sell your debts to someone else. Depending on the amount of money borrowed, the lender may decide to leave the authorized agreement in the presence of a notary. This is recommended when the total amount, plus interest, is greater than the maximum rate allowed for the small claims court in the parties` jurisdiction (normally $5,000 or $10,000).
The first thing you need to check is that you have a real copy of the agreement. It must be legible and contain all the right information. .