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Keane Finance Brokers » Featured, Useful Links and Tools » Cancel your Hire Purchase Agreement easily…

Cancel your Hire Purchase Agreement easily…

Half Rule

You can terminate a consumer hire purchase agreement at any time by either settling the deal or using the “half rule”. Neither method will have any effect on your credit rating.

Many consumers are not aware of this rule that is available to them. Kevin Keane of Keane Finance Brokers see is as an option for people who might want to end their hire purchase agreement without it having any adverse effect on their credit rating.

“ We have come across this in many instances where consumers are not aware of this rule. It is perfectly legal and once carried out within a certain procedure there will be no adverse effects on the persons credit ratings”

The Half Rule is available to anyone with a hire purchase agreement on their vehicle, but it is important that the correct measures are taken to ensure that the half rule can be activated correctly.

If you have any queries on this matter please contact Kevin at info@kfb.ie or 091 395888

Written by admin

Kevin Keane BA, MBS, QFA a native of Galway, has spent numerous years working with Bank of Scotland (Ireland) Limited as a Commercial Lending Manager. Prior to this he obtained a Masters in Business Studies in Michael Smurfit Business School, UCD. He has experience in all aspects of finance, with a primary focus on commercial and business finance. Keane Finance Brokers are currently involved in a number of commercial deals with business owners and property investors in the West of Ireland. The majority of work today is reducing costs for business and property owners of all sizes.

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16 Responses to "Cancel your Hire Purchase Agreement easily…"

  1. Just a quick comment 2 thank u for your interesting post. Do you know where I can find more on this? Thank you. Michelle x

  2. admin says:

    Hi Michelle,
    You can contact us and give us your details. we can talk you through the process.
    Glad you liked it and keep an ey on the blog. More good stuff to come.

    Kevin

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  10. Steve says:

    Hi Michelle,
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    Glad you liked it and keep an ey on the blog. More good stuff to come.

    Kevin

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