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On the subject of the new EU Consumer Credit Directive there is a change to the 14 day cooling off period that is given to consumers when they sign the finance agreements off trade premises. Currently you can cancel an agreement if it is regulated under the Consumer Credit Act and signed away from the premises of the funder, the broker or the dealer. However, if you sign on trade premises you don’t have the 14 day Read more »

For those that like to own their vehicles and have a penchant for hire purchase there is some good news, you can now receive treatment for this condition, known as ‘bonkers’, on the NHS. OK serious stuff. I reported last year that the EU had issued a directive that meant that, amongst other things, the ability to voluntarily terminate your agreement once 50% of the full cost has been repaid would no longer apply to Read more »