Card with S.75 Protections but not CREDIT

eskbanker

Sandtree said:

The other clue in the name is its the Consumer Credit Act, if an organisation gives you a card then it is likely to also fall outside of the definition of a consumer and so also will not have S75 protection.

phillw said:

The biggest problem is it's the consumer credit act, which is for consumers and not businesses.

To a certain extent it depends on the type of business - limited companies wouldn't qualify but some other types do, according to an old FOS article:

For Section 75 to apply, in the first instance the following four conditions must all be satisfied: 

■ The cash price of the goods or services bought by the consumer must be at least £100 and no more than £30,000. 

■ The amount of credit provided to the consumer towards the purchase must not exceed £25,000, and must have been provided to an ‘individual’ (which includes sole traders, small partnerships and unincorporated businesses, as well as ordinary consumers).

■ The provider of credit must be in the business of lending money, and the credit agreement must have been made in the course of that business. 

■ The credit must have been provided to the consumer under pre-existing arrangements between the provider of credit and the supplier of the goods and services.

Sandtree

Hence why I said likely not to apply rather than won't