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  2. Consumer Credit Act 1974 - Wikipedia

    en.wikipedia.org/wiki/Consumer_Credit_Act_1974

    Part V contains several provisions relating to the cancellation of a regulated agreement and the withdrawal from a prospective regulated agreement. These are similar to those found in the Hire-Purchase Act 1965, but cover all consumer credit and consumer hire agreements rather than the hire-purchase and instalment sale agreements previously ...

  3. Hire purchase - Wikipedia

    en.wikipedia.org/wiki/Hire_purchase

    Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.

  4. Revocation - Wikipedia

    en.wikipedia.org/wiki/Revocation

    In the law of contracts, revocation is a type of remedy for buyers when the buyer accepts a nonconforming good from the seller. [1] Upon receiving the nonconforming good, the buyer may choose to accept it despite the nonconformity, reject it (although this may not be allowed under the perfect tender rule and whether the Seller still has time to cure), or revoke their acceptance.

  5. UK default charges controversy - Wikipedia

    en.wikipedia.org/wiki/UK_default_charges_controversy

    Bridge v Campbell Discount Co. Ltd. [1962] AC 600 — A customer bought a car under a hire purchase agreement, paid the initial and first payments and then cancelled the agreement. The company tried to recover large sums specified in the contract for cancelling the agreement, but the court decided these were excessive and constituted a penalty ...

  6. Rent-to-own - Wikipedia

    en.wikipedia.org/wiki/Rent-to-own

    Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...

  7. 25 passive income ideas to help you make money in 2025 - AOL

    www.aol.com/finance/25-passive-income-ideas-help...

    Real estate-based passive income ideas 13. Rental income. Investing in rental properties is an effective way to earn passive income. But it often requires more work than people expect. If you don ...

  8. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

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