Consumer Credit Statement of Account Request Letter

This is a letter that can be used to request a statement of account for any consumer credit agreement. Such agreements will include hire purchase, loans, PCPs, credit cards and virtually any other type of credit agreement provided to individual consumers. This letter should not be used by a business.

The statement will provide information such as the amount outstanding, the interest and principal to be paid, how much will need to be paid to settle the agreement early, and how such figures are calculated.

How to use this document

Once this document is completed it should be signed and then posted or emailed to the lender. The lender should write back with the requested statement. If there is no response from them within 7 days to provide the requested information, they are in breach of s.97 of the Consumer Credit Act 1974 and cannot require any further payment towards the agreement from the borrower until they have provided the requested statement.

Applicable Law

Consumer Credit Act 1974

Help from a lawyer

You can choose to consult a lawyer if you need help.

The lawyer can answer your questions or help you through the process. You will be offered this option when you complete the document.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.