Consumer credit

Consumer credit rules for businesses that hire out or lease goods

Guide

If you hire out or lease goods to consumers for periods of more than three months you're likely to need consumer credit licensing. See does my business need a consumer credit licence?

You must also provide your customer with a written hire agreement informing them of their rights and duties under the Consumer Credit Act 1974.

Consumers generally have the right to cancel a hire agreement and return the goods after 18 months.

You must also comply with other rules under the Consumer Credit Act 1974, including the regulations on credit advertising.