We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Advice regarding sec75.
stig.of.the.dump_2
Posts: 33 Forumite
in Credit cards
Can some one help advice please.
A few years ago a paid a deposit on an off plan property investment abroad,via an english company at a seminar.
I paid with a credit card cheque a deposit of £1000,my question is this does section 75 regarding cards goods and services apply too card cheques as well as the card itself.??
A few years ago a paid a deposit on an off plan property investment abroad,via an english company at a seminar.
I paid with a credit card cheque a deposit of £1000,my question is this does section 75 regarding cards goods and services apply too card cheques as well as the card itself.??
0
Comments
-
The answer is no.
The cheque is considered a cash transaction and therefore not covered by S75.Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be
0 -
A) No because a cheque isnt covered
Its the total value of the item that counts and presumably this is above the £30,000 limit for S75?
C) I seem to recall that property is excluded from S75, but happy to stand corrected on this one0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards