Page 6 - Abbey Presenter Feb19

Hitachi ‘Deferred & Preferred’ Account

• With this facility the customer has 3 months from

installaltion in which to pay back the ‘Amount of

Credit with a £29 settlement fee.

• If they do this there will be no other charges or

interest (eg: they borrow £10,000 and pay back

£10,029).

• If this is not paid back within the 3 months then the

customer begins making payments by Direct Debit

over either: 60 months at a deferred interest rate of

4.9% APR, or 120 months at a deferred interest rate

of 5.9% APR.

• They also receive extra ‘Peace of Mind’ – our

Funding Options are protected by the Consumer

Credit Act, meaning their Deposit and Guarantee are

safeguarded.

• The payment date is shown on the Credit Agreement

and Hitachi will also post a reminder letter to the

customer before this due date.

This document is for internal purposes and not to be shown to customers