Equal liability

Under the provisions of the Consumer Credit Act, credit providers may share liability for any breach of contract or misrepresentation by suppliers of the goods or services which have been financed (even partially) by the credit.

The relationship between supplier and credit provider determines whether the provisions apply. Responsibility is shared if:

• the cash price of the item is over £100 but not more than £30,000 
• the credit agreement is regulated under the terms of the Act 
• credit is granted in the course of the provider's business 
• credit is advanced under arrangements between the credit provider and supplier of goods or services.

Download our full guidance note Equal liability (pdf file 378 kb), which gives more details.

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