Consumer Credit Act 1974 · 1974 c.39
Part VI: Matters Arising During Currency of Credit or Hire Agreements
This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer.
The debtor or hirer shall only be liable to pay interest in connection with the default sum if the interest is simple interest.
This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.
Reuse reviewed 21 August 2026 under Open Government Licence v3.0.
