Consumer Debt

The "credit society" in the UK, coupled with a difficult economic climate, has created problems of personal and consumer debt. The Consumer Credit Act 1974 which applied to many of these credit problems is a complex piece of legislation. This book sets out to clarify the structure of the Act and of other laws applying to personal debt. It provides details of the most commonly occuring kinds of problems and for each of these makes suggestions as to how to solve them. "Consumer Debt" examines: the consumer credit agreement and the governing provisions of the Consumer Credit Act 1974 in particular; the information that should be provided before an agreement is entered into; provision of security; ability to withdraw from or cancel an agreement; considerations on termination and early settlement; credit licensing and controls on seeking business; specific debt arising from agreements between the consumer and the utility companies (gas, electricity, water), plus the problems of mortgage and rent arrears; and personal insolvency - an outline of the important implications and consequences of an individual becoming insolvent.
This work should be useful for consumers and their advisers, and also those offering credit.