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amount of credit was 7852.70 credit charge 3660.90 £220.00 credit facility fee and £80.00 completion fee. Total £11,813.60. duration 60 months APR 18.7%
Under key informations is where it states about early settlement as already discussed. The first repayment was September 2007
In the key information it states-
You may early settle this agreement by paying off the amount you owe un this agreement/ The following are examples of what would be payable at vartious intervals during this agreement on early settlement if the amount of credit was £100 and assuming you have complied with all the terms of this agreement
a) a quarter of the term £84.86
b) half of the term £62.65
c) Three quarters of the term £35.13
If the periods shown above do not fall on a payment date the figures shown avoe are calculated on the first payment date immediately after the periods shown above have elapsed. In calculating the amounts shown, no account has been taken of any variation which might occur under this agreement and that the amounts are accordingly only illustrative.
The consumer credit act 1974 gives me a number of rights including
1. you can settle this agreement at any time by giving notice in writing and paying off the amount you owe under the agreement which may be reduced by a rebate.Examples as per above i presume as this is what appears in the agreement.
Thank you for your help. If I now accept the answer will they take another £18.00 out of my account because it has already been taken.