SwiftQuote

FOR IMMEDIATE RELEASE

SwiftQuote

APRs, Consumer Credit, Who Checks?

Who Can Check? 

SwiftQuote now allows Trading Standards and Consumer Groups to check APRs on Finance Agreements and also the Repayments. It has been increasingly difficult to check Finance Agreements, in particular Motor Finance, especially when it comes to the APR (Annual Percentage Rate). 

This is important, as an incorrect figure may result in the Finance Agreement being void and unenforceable. The complex calculations required by the Consumer Credit Act, have precluded consumers from being able to check the payments.   

A new solution has been needed for some time, SwiftQuote has been designed for Trading Standards, Consumer Groups, Finance Companies and Motor Dealers with a fast Point of Sale and consumer friendly computer solution.

A number of Finance Companies that use the Hire Purchase Forms tested the original version. The feedback obtained was used to refine the software to include the features that were requested.  A common suggestion was to recalculate the agreement to the clients budget and also providing Rule of 78 rebate figures. It is also possible to print summaries.

How much does the software cost? The software is free to ensure that it receives the widest possible exposure. It is expected that consumer advice groups and trading standards departments will use it, to check agreements. SwiftQuote and further updates are also available on the Internet www.SwiftQuote.co.uk

For More Information Contact:

Contact 

Kevin Milliken 

Telephone

01708 371584

FAX

01708 706047

Postal address

SwiftQuote 111 Shepherds Hill Harold Wood Romford Essex RM3 0NP

Electronic mail

General Information:    Info@SwiftQuote.co.uk
Customer Support:       Info@SwiftQuote.co.uk
Webmaster:                    Info@SwiftQuote.co.uk