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Re: Strange contract, strange DCA
The official answer is
The official answer is
A debtor or hirer who wishes to get himself out of a regulated agreement but is unable to withdraw, rescind or cancel, may as a last resort, have an opportunity to terminate the agreement. The right to terminate may be provided for by the parties themselves in the contract itself, but if it is not, then sections 99 to 101 of the Consumer Credit Act 1974 provides the debtor/hirer with non-excludeable rights to terminate. The rights to terminate are not universal to all regulated agreements and only apply to:
1. regulated hire-purchase and conditional sale agreements, and
2. regulated consumer hire agreements.
1. regulated hire-purchase and conditional sale agreements, and
2. regulated consumer hire agreements.
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