RE-CONTRACT CREDIT INFORMATION (Standard European Consumer Credit Information)


1. Contact details


AddressHopkins And Jones Limited T/A Suttons & Robertsons 127 Victoria Street London SW1E 6RD
Fax Number

2. Key features of the credit product

The type of creditA pawnbroking fixed sum loan agreement
The total amount of credit. This means the amount of credit to be provided under the agreement.£1000.00
How when credit would be provided.The sum of £1000.00 will be provided upon execution by both parties of the pawn agreement handing over of the item taken in pawn to the pawnbroker
The duration of the credit agreement.6 Months
Repayments.One repayment of £1360.00. Repayable in a single instalment on 12/10/2021
The total amount.
This means the amount you have borrowed plus interest other costs
If you repay in accordance with the terms of the agreement you will be required to repay £1360.00
Security required
This is a description of the security to be provided by you in relation to the credit agreement
1 X Diamond Ring

3. Costs of the credit

The rates of interest which apply to the credit agreement.Interest rate 72.00 % per annum.
Annual Percentage rate of Charge (APR).
This is the total cost expressed as an annual percentage of the total amount of credit. The APR is there to help you compare different offers.
84.96 % APR
The APR is calculated on the assumption that the Pawnbroker Borrower meet their obligations under this agreement in full on time.
Related Costs: Costs in the case of late would be provided.6.00 % monthly interest.
Consequences of missing payments.If you do not redeem the article(s) on or before 12/10/2021 you may lose your right to redeem it (them). An article(s) not redeemed within the redemption period becomes our property if the credit (or credit limit) is not more than £75 the redemption period is 6 months. In any other case it may be sold by us, but it continues to be redeemable until it is sold. Interest is payable until the actual date of redemption. Where the credit (or credit limit) is more than £100 we must give you 14 days’ notice of our intention to sell. When an article has been sold you will receive information about the sale, if the proceeds (less expenses) are more than the amount that would have been payable to redeem the article on the date of the sale you will be entitled to receive the extra amount. If the proceeds are less than the amount owed, we have undertaken a separate documented assessment of your creditworthiness prior to entering into the agreement, you will owe us the shortfall. If we have not undertaken such an assessment prior to entering the agreement your item is sold, if the proceeds of sale are less than the amount owed, we will not pursue you for the shortfall, we will refund any payments made to date.

Right of Withdrawal.You have the right to withdraw from the credit agreement without giving any reason within 14 days. The 14 day withdrawal period begins the day after the latest of:
1. the day on which the agreement was made; or
2. if information is provided after the agreement is made, the day on which you receive a copy of the agreement signed by us you; or
3. you are informed that the agreement has been signed, that the signed version is identical to the unsigned copy that you already have you are informed that you have the right to receive a copy of the signed agreement if you make a request before the end of 14 days beginning with the day after the day on which you receive this written communication.
Early repayment.
Compensation payable in the case of early repayment.
You have the right to repay the credit early at any time in full or partially. If you make a single early repayment exceeding £8,000 the creditor is entitled to claim compensation which will be calculated in accordance with section 95A of the Act.
The period of time during which the creditor is bound by the precontractual informationThis information is valid from 13/4/2021 until 12/10/2021

5. Additional information to be given in the case of distance marketing of financial services

(a) concerning the creditor.
Registration number.301791
The supervisory authority.The Financial Conduct Authority (FCA) of 25 The North Collonade, Canary Wharf, London. E14 5HS is the supervisory authority under the Consumer Credit Act 1974
(b) concerning the credit agreement
The law taken by the creditor as a basis for the establishment of relations with you before the conclusion of the credit contract.English law unless you reside elsewhere in the United Kingdom in which case your local law will
The law applicable to the credit agreement and/or the competent court.This contract will be governed by English law any dispute may be referred to the Courts of England Wales unless you reside elsewhere in the United Kingdom in which case your local law will prevail.
Language to be used in connection your agreement.The information contractual terms will be supplied in English we will use English to communicate with you during the duration of the credit agreement.
(c) concerning redress
Access to out-of-court complaint redress mechanism.You have the right to complain to the Financial Ombudsman Service. Exchange Tower, London E4 9SR – or telephone 0800 023 4 567