I recently acted for clients who were forced into a boundary dispute instigated by new neighbours. The neighbours believed that a fence separating the properties was not in the correct position and sought a declaration from the court on the true position...
It is important for consumers to understand their legal rights when they have entered into a hire purchase agreement, if you have a question for our expert consumer solicitors in relation to a hire purchase agreements please complete our online enquiry form or call 0203 816 9314, our specialist advisers offer fixed fee 30 minute appointments from £150.
What are hire purchase agreements?
Hire purchase agreements are a type of credit, most commonly used by people to purchase goods such as cars, or large household appliances. Under a hire purchase agreement, the creditor remains the legal owner of the goods until you have repaid the sums due under the agreement. At the end of the agreement, you as the debtor have the option purchase the goods or return them to the creditor.
Sometimes, the hire purchase agreements may be challengeable by virtue of the fact that they do not comply with the strict consumer credit legislation, rendering them unenforceable. However, what happens if you fall behind on your repayments, and the agreement complies with the consumer credit legislation?
When you fall behind on your repayments, a creditor will often try to repossess the goods from you, and normally asks you to consent to returning the goods to them. However, this will not end your liability under the agreement, as even when the goods have been repossessed and sold, the creditor will pursue you for any other monies outstanding on the agreement.