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Premium Credit Cancel Agreement

By Mark, December 15, 2020

We offer our customers a convenient way to pay for their policy. With our preferred provider, Premium Credit Limited (PCL), you can set up a collection system. This means that you pay a deposit (if any) and pay the balance of your premium by the same monthly payments. You should also contact Endsleigh if you wish to cancel your insurance policy. To get in touch, please visit our contact centre. One option is to pay for all your insurance with a debit or credit card. If you have received correspondence from Close Brothers Premium Finance in which you have indicated that your credit contract has been terminated, please contact your broker. Your site crashed several times and I had to repeat 5 times before signing the agreement. If you take out a loan or receive credits for goods or services, you enter into a credit agreement.

You have the right to terminate a credit contract if it is covered by the Consumer Credit Act 1974. You can resign within 14 days, often referred to as the “cooling phase.” Contact the lender to tell them that you want to cancel your termination request, the “announcement message.” It is best to do so in writing, but your credit agreement will tell you who to contact you and how. To change the bank details with which the debits are paid or to change your debit date, please contact Premium Credit Ltd online at www.support.mypremiumcredit.com or call them on 0344 736 9814. You can also visit your account online to change your payment data. If you buy a new car on a rental credit agreement, the financial company will pay for the garage. You pay the money in stages to the financial company, with interest. If you wish to terminate the contract, you must pay the financial company the money you still owe to the car within 30 days. A $10 fee is levied on premium credits if they do not receive your signed credit contract until the date indicated in your welcome letters and emails (usually 28 days after receiving the agreement). Please note this to check your time frame.

The $10 fee reflects the cost of premium credits if you are reminded to return the credit contract. Your broker may have ordered us to terminate your credit contract, so you will need to check with them to see if your insurance policy is still in place before discussing with them your options for financing insurance premiums. I just signed the credit contract for my son`s car insurance, but so far the process has been easy and no problem. So far, so good! Endsleigh`s expertise lies in the organization of insurance policies; we are not a premium finance company and therefore do not have a “credit licence” from the Financial Conduct Authority. This means that we cannot provide financing to facilitate a debit plan, which is why we present PCL to our customers. For a better description, PCL is “The Lender,” while Endsleigh acts as a “credit broker.” We use PCL only to provide funds to endsleigh customers. We can receive a commission for the introduction of customers. Please note that not all of the information we provide is personal advice or recommendations. Your personal data and the bank details you provide will be sent to them and they will contact you by mail, email or text. The balance is subject to status and you can use a credit reference agency that leaves a search record or other information about you to perform credit and money laundering audits.