daveyjones

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  • in reply to: Car Finance explained : how the PCP works #7749

    daveyjones
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    Can anyone please explain termination rights on a PCP agreement? In the terms of my agreement it states that providing you have paid at least 50% of the purchase price, you can terminate the contract without penalty. I have been advised that this is the case but by taking this step, it can affect your credit rating for any future credit contracts, but I can not find any reference to this in the terms. Is this true?

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