Close Brothers Sign Credit Agreement

Until now, brokers had to return credit agreements signed by mail to CBPF. Once you have taken out insurance, you will be asked to sign a credit agreement. The financial service provider pays Brightside the full cost of your insurance policy. If you do, you will have to repay all the credits you received. You can send it by phone, e-mail or in writing to Close Brothers Premium Finance using the information provided in the welcome package. Brightside Insurance Services Ltd is a credit intermediary and not a lender. iii) To assess your credit application and prevent fraud and money laundering, Close Brothers Premium Finance may use automated credit scoring and decision-making systems. Close Brothers Premium Finance may also search for and share data about you and people financially related to you with credit reporting agencies and fraud prevention agencies. Your credit agreement defines the details of your running account credit agreement with us. This is necessary to fund your insurance premium so that you can pay it monthly.

It is governed by the Consumer Credit Act 1974. (i) Taking into account, first, your regular monthly income and, second, your monthly expenses, you have sufficient residual income to meet the minimum repayments of this agreement. As the insurance policy is the guarantee of your credit agreement, your insurance policy may be cancelled if you do not comply with your repayment obligations. Any remaining debts after the termination of your credit agreement are tracked by us, which may involve the use of a collection office. If you don`t sign and hand over your contract, you may not receive funding from Close Brothers Premium Finance and you may need to find another way to pay for your insurance policy. ii) Close Brothers Premium Finance must be informed of all factors that may affect your ability to pay the minimum repayments for the term of this agreement. Please contact them as soon as possible if such factors affect the affordability of your refunds. With your close Brothers Motor Finance online account, you can manage your agreement quickly and easily 24/7. The welcome package contains complete information about the agreement….

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