Regulated/Unregulated

Phillipsmithwoodrow

Hi All

I've posted here as its the most logical place but apologies if it should be posted on another forum.

Basically I had a regulated consumer credit product on a lease then a guy phoned me from the company I bought it off telling me everything would stay the same but when i've seen the contract its actually a service contract.

I feel the guy had lied to me as I had a regulated contract and consumer protection this one has none of that and I can't get out of it for another 48 months - can I do anything or am i stuck?

Thanks

Phil

Nearlyold

Could you provide a bit more detail as its very difficult to help without more info, what was the product, what sort of lease, etc.

andyfromotley

what does the paperwork that you signed say?

SeanG79

If it is a lease contract, it can still be regulated, but it does not have the same voluntary termination clauses or early settlement rebates that a hire purchase contract would, if that is what you are referring to?