instalment credit

What if the instalment credit I provide is interest free?

What if the instalment credit I provide does not involve a finance company?

What if a third party finances the instalment credit?

Instalment Credits are sometimes used where capital goods are involved.

Are my supplies of services relating to instalment credit finance exempt?

We think it important that such a tabulation should include all types of revolving credit, as well as fixed-sum instalment credit.

Higher credit: The Finance Houses Association has warned that instalment credit will cost more following the rise in base rates.

Almost 90% of UK instalment credit accounts were fully up-to-date in the first three months of this year compared with 89.4% in the corresponding period in 1992.

The provision of instalment credit in these situations is exempt where a separate charge is made for the facility of instalment credit and disclosed to your customer.

These include Trade Credit Insurance, Bonding, Instalment Credit Protection, Reinsurance Business, Collections and Business Information Services.

The identifying element is that instalments are collected on the doorstep, and the agreements themselves are, in instalment credit terms, for relatively small amounts (typically £150) repaid over relatively short period (typically 26 weeks).

With 'old-fashioned' fixed-sum instalment credit, a consumer considering a purchase has to choose between doing without, finding the cash, and going through what could be the rather daunting business of arranging credit for that particular item.

Following a stately early development, the TSB Group is now undergoing rapid change - new products, new services, new technology, even new companies such as United Dominions Trust, the instalment credit company which we took over last year.

Finance houses are a diverse grouping of financial intermediaries that carry out a variety of instalment credit facilities for the personal sector: hire purchase, credit sale, conditional sale, secured and unsecured personal loans, revolving loans and repayment loans.

If a third party finances your supply of instalment credit, for example hire purchase or conditional sale, your supply of goods is to the finance company, which takes title to the goods, and not to your customer who is allowed to use the goods.

Whether retail sales are falling because of the Fed's upward pressure on interest rates or whether consumers are reacting to the much smaller portions of instalment credit costs that they can apply against tax liabilities, the fact is they are becoming less inclined to spend."

David Capdevila, Chief Market Officer (Responsible for Credit Insurance in Spain, Portugal, France, Belgium, Italy, and Brazil and for business units Collections, Bonding, Instalment Credit Protection, and Atradius Re.)

The true place of inflation in calculating the cost of credit is as part of a triangle which has as its other sides the interest to be gained from instalment savings and the interest to be paid for instalment credit - both of which are broadly related to inflation rates anyway.