Hire agreement mis-sold under CCA with 45% Interest

somethingcorporate

Why did you not ask all these questions at the time of signing the contract? All this could have been avoided.

Why not google those finance acts and do the research yourself? You're asking for a lot of advice when you should have your solicitor looking at it for you.

middleman31

Being my first business and the pressures of setting up and running a business, the least of my problems was tearing apart what appeared to be a contract regulated under the CCA which should have given me protection against all of the afore mentioned points which this finance company seems to have abused.

In short, what I signed was a contract purported to be regulated under the CCA. This is not what I received.

If every inexpericed, new business tore apart all documentation for every finance deal, cleaning contract, legal representation, supplier contracts, employee contracts, gas, electricity, water, telephone and intenet pricing variotions and contracts, etc, etc, one would spend so much time checking, the business would never generate money and would close before it had opened, especially as s Sole Trader who is responsible for every department. A large company does not have the issues of this severity. To expect a Sole Trader or Small Company to approach these contracts in the same manner as a larger company seems wholly disproportionate, especially when many laws take the size of a company into consideration, in particular, Employment Laws, e.g. companies with less than 5 employees have special dispensations and 'relaxed' approaches.

As a result, the contracts for Sole Traders and Small Companies should be protected form from the Sharkish behaviour of these finance companies.

I will be looking into all the afore mentioned Acts and thank-you for your replies. I would not have these avenues to follow if you had not offered your thoughts based on your experience.

The solicitor is looking at it, but it's always nice to obtain outside perspecives to keep solicitors costs down.

These forums are great ways of getting in touch with people who have experienced similar issues and I am very interested to hear if anyone else has taken issues such as these, further with good bad or indifferent outcomes.

I do appreciate your comments despite the increasingly litigeous nature of this thread.

Thank-you