For unsolicited goods that you did not order and just turn up 'out of the blue', there is no need to contact the seller. Debt consolidation loans uk. In england and wales, you can also find some useful information about credit lending in a leaflet on the information commissioner's website called credit explained. You can find out more about shopping around for the best credit deals at www. Fsa. Gov. Uk/consumer. There may be sources of credit more suitable than using a money lender. Competition act 1998 public register. Some credit card companies issue cheque books. You can find out more about credit card borrowing on the website of apacs, the uk payments association, at: www. Choosingandusing. Com.

If the consumer decides not to go ahead with the agreement during this period they have the right to withdraw. New regulations about credit agreements come into force on 31 may 2005. Both the borrower and the lender or owner must put things back the way they were before the consumer was approached about the agreement. Year fixed mortgage. However, a credit company can insist on a guarantor for any agreement. Other consumer legislation may apply according to circumstances. You should contact your local citizens advice bureau www. Nacab. Org. Uk who can give you advice about your rights under the current law.

Goods must be of satisfactory quality and fit for purpose; adverts and descriptions must not be misleading. The agreement need not be a regulated one for the rules about extortionate credit to apply. Interest rates are often high for this type of credit.

If you apply for credit, you must be told if this method has been used. For further information, phone consumer direct or refer to the factsheet shopping from home - your rights. You should give the creditor any additional information that you think should be taken into account. The true cost of the credit, worked out according to a special formula apr. Best 100 mortgage deals. Protected by the consumer credit act 197. Complain online to the trading standards office in your area welsh consumer council. There's a code of practice concerned with debt collection.