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 HP & Fixed Loan Agreements
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Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 12 October 2008 :  10:21:29  Show Profile  Reply with Quote
Hi

I have been going over some old loan agreements mainly my computer and i am trying to find out if its on HP or a Loan.

The document says " Fixed Loan Agreement regulated by the consumer credit act 1974" but that means nothing to me.

Is this HP or a Loan.

Anyone have ideas as if my computer was on a loan then technically i would have thought that as i made 18 payments to it then it would be mine and now its worth about £250 if im lucky.

If not can the co that did the finance take it in payment to the loan.

It was added into my BR so i was just wondering.

Thanks

Jo x
Your Mother Hen :-)

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/

John
New Member



United Kingdom
73 Posts

Posted - 12 October 2008 :  11:44:42  Show Profile  Reply with Quote
Hi
in view of the age and 2nd hand value your PC is safe.

www.Bankruptcyhelp.org.uk
0800 078 9367
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Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 12 October 2008 :  11:47:24  Show Profile  Reply with Quote
Thanks John

Would you say that it was HP or Loan though.

Jo x
Your Mother Hen :-)

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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John
New Member



United Kingdom
73 Posts

Posted - 12 October 2008 :  12:06:12  Show Profile  Reply with Quote
Hi Jo

if the agreement doesn't mention hire purchase then it isn't.

www.Bankruptcyhelp.org.uk
0800 078 9367
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Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 12 October 2008 :  12:15:46  Show Profile  Reply with Quote
Thanks JOhn

I wont mention it again.

Enjoy the rest of your weekend:-)

Jo x
Your Mother Hen :-)

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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