Legal assistance required - monthly payment scheme

Legal assistance required - monthly payment scheme

Author
Discussion

Frimley111R

Original Poster:

15,615 posts

234 months

Wednesday 7th October 2015
quotequote all
We are (see other thread), going to be offering our customers the opportunity to pay in 12 monthly installments. We have a document which outlines the basics of this (a contract with the specifics) but it needs a 'legal eagle' to review it to check it is not missing anything. Can anyone help or recommend someone please?

Amateurish

7,734 posts

222 months

Friday 9th October 2015
quotequote all
Be aware that this is likely to trigger consumer credit requirements. Do you have a consumer credit licence?

ATG

20,549 posts

272 months

Friday 9th October 2015
quotequote all
If you're running a business, do you not already have a relationship with a solicitor? If not, it'd surely be useful? You could ask your accountant for a recommendation.

Frimley111R

Original Poster:

15,615 posts

234 months

Friday 9th October 2015
quotequote all
No it won't require a consumer credit licence, we're not charging interest and its under 12 months.