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Legal Terms - Customer-credit arrangement
a *personal credit arrangement wherein credit is extended to a single person (the debtor). Consumer Credit Act 1974, as amended by the Consumer Credit Act 2006, governs consumer credit agreements unless they are exempt. It contains provisions about business pursuits, agreement entry, issues that arise during the term of the agreement, default and termination, security, and judicial control. a loan given for business purposes to a single businessman
may be a credit agreement for consumers. The protection was no longer applicable above a certain maximum financial threshold, as it was previously.
a *personal credit arrangement wherein credit is extended to a single person (the debtor). Consumer Credit Act 1974, as amended by the Consumer Credit Act 2006, governs consumer credit agreements unless they are exempt. It contains provisions about business pursuits, agreement entry, issues that arise during the term of the agreement, default and termination, security, and judicial control. a loan given for business purposes to a single businessman
may be a credit agreement for consumers. The protection was no longer applicable above a certain maximum financial threshold, as it was previously.
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