Default notice template uk8/10/2023 ![]() ![]() If you don’t want to keep the goods or can’t afford to keep them, you will usually save money by terminating the agreement yourself. If you sell the goods without permission, it can be a criminal offence. You cannot sell the goods yourself without the creditor’s written permission. They can only ask you to pay the money you owe under the agreement. ![]() ![]() With ordinary credit agreements, the goods you buy belong to you from the time you take out the credit. With hire purchase and conditional sale agreements, if you do not keep up with the payments, it is possible for a creditor to repossess the goods. They are different from ordinary credit agreements because under hire purchase and conditional sale agreements, you do not own the goods until you have paid off the agreement. Hire purchase and conditional sale agreements are usually used to buy cars, although they are sometimes used for furniture and white goods too. What is hire purchase or conditional sale? The sample letters mentioned in this fact sheet can be filled in on our website. deal with your lender and any court action and.decide if you want to keep your goods or return them to the lender.understand your rights if you cannot keep up with payments.decide what sort of credit agreement you have. ![]() This fact sheet tells you your rights if you have a hire purchase or conditional sale agreement that is regulated by the Consumer Credit Act 1974. ![]()
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