A guide to paying for services on credit.

However, it is sometimes too easy to make a snap decision. Once you sign a credit agreement on the trade premises you have entered into a binding contract. Should you later change your mind you will be in breach of contract and the total amount on the agreement will become payable.

Do you really understand the deal?

ASK YOURSELF!

• Do I really want these services?
  
  Remember! Small repayments might look attractive but can be expensive if after a few months you change your mind.

• What happens if I decide I don't want to use the services?
  
  It's legally binding! If you decide you don't want to use the services, you will still be legally bound to pay the instalments due under the credit agreement.

• What happens if I stop paying?
  
  If you stop paying, the whole amount payable under the agreement will become due in one lump sum. If this is not paid, the creditor may sue you in court for the money due plus interest and costs.

• DO take time to think.
• DON'T sign if you're not sure.
• DON'T feel that you have to make a decision there and then
• DO call back later once you have made your decision

Note:

Wirral Trading Standards provide an impartial service to both consumers and traders and do not give approval to any schemes or agreements. For detailed advice on credit agreements you can contact the Consumer Advice Action Desk on 0151 666 5228

Trading Standards Division, 3rd Floor, Wallasey Town Hall, Brighton Street, Wallasey, Wirral CH44 8ED
Telephone: 08454 04 05 06    Fax: (0151) 691 8098
Internet World Wide Web http://www.tradingstandards.gov.uk/wirral/
Electronic Mail: tradingstandards@wirral.gov.uk