"Pannone offers practical, informed solutions with their eye always on how to keep cost reasonable."
David Vickers, Cash Choice UK LLC
Consumer Finance is a heavily regulated and complex area of law. We can help your business to keep up to date with the latest legal requirements in this area, including the recent changes brought about by the Consumer Credit Directive.
We are experienced in drafting and advising on a wide range of issues relating to consumer finance, including:
- drafting consumer credit agreements and consumer hire agreements
- advising on licensing requirements
- assisting businesses in enforcing their agreements and defending legal disputes
We advise financial institutions, lenders, hire companies and credit intermediaries on all elements of their business. This includes issues such as anti money-laundering, data protection, distance selling and consumer protection legislation. With clients ranging from multi-national lenders and large plcs to local authorities and entrepreneurs, whatever your business, we can help you to succeed and thrive in this area.
We know that the complex requirements of the Consumer Credit Act 1974 mean that understanding your business is vital to provide you with the tailored advice and documentation you need to protect your - and your customers’ - interests. We take pride in developing long-standing relationships with our consumer credit clients, whom we provide with regular legal updates and industry news, as well as bespoke training sessions.
The services we provide include the following:
- ensuring the compliance of advertising and marketing practices and materials
- drafting consumer finance documentation including secured and unsecured consumer credit agreements and consumer hire agreements
- providing guidance on the requirements of the legislation, in particular, the new obligations under the Consumer Credit Directive
- advising clients on the procedural formalities of entering into regulated loan agreements and regulated hire agreements
- providing advice on lenders ongoing obligations under the CCA 1974, such as providing information statements
- advising on the enforcement and termination of regulated agreements, including drafting default and arrears notices
- assisting with applications for consumer credit licences, and liaising with the OFT over regulatory issues
- defending legal disputes
To arrange a discussion with a consumer finance solicitor click here or call us on 0800 840 4929.
