Hire Purchase agreements help please

tom2_2

Can anyone help please

I have a hire purchase agreement for a car with welcome finance, the agreement has a further 12 months to run from a 48 month term. I have been advised that I can voluntary end this as I have paid more than half. I cant find any termination rights or figures on the agreement. the only wording I can find is YOU CANT END THIS AGREEMENT UNDER THE CONSUMERCREDIT ACT 1974 THE TIMESHARE ACT 1982

Does this mean I cant end the agreement and hand the car back

PNPSUKNET

They normaly have a clause in them which says you can term after a certain figure.

tom2_2

Thanks still cant find in anywhere on the agreement. but i know i have paid two thirds, surley they have to take it back

PNPSUKNET

not if its not in the agreement to start

~Brock~

Welcome's HP agreements, from about 2005ish tend to be written over multiple pages - are you sure you have got all the pages !!??

CLAPTON

how much is the loan for
when was it taken out

alistair1234

All regulated HP's (less than £25k advance) can be VT'd after half of all payments are made and if the account is up to date at time of applying to VT.

Naughty_Sausage

does terminating the contract thing mean that you get a bad credit rating afterwards?