please help. i want to buy a ring for my mum. and its got this thing where you can pay back 30-something pounds a month for 12 months. im only 14 and im not sure if im allowed to do this yet.(bear in mind that i do have a bank account with a cashpoint card.)
2006-08-11 03:01:44 · 17 answers · asked by Anonymous in Beauty & Style ➔ Fashion & Accessories
Payment plans are usually a type of in-house financing. No minors aren't usually allowed to participate in these, you might want to ask your father to co-sign or another responcible adult whom you trust. You would still be responcible for the payment, but by them co-signing they are attesting that they will be responcible if for some reason you are unable to fulfil the terms of the contract.
2006-08-11 03:09:08 · answer #1 · answered by DEATH 7 · 1⤊ 0⤋
No you wouldn't be allowed to do it. If you're paying back in instalments it would constitute a credit agreement and as you are under 18 your are not legally bound by this.
Anyway I'm sure your mum wouldn't want you to spend that much on her so find her some really nice dress jewellery, she'll love it just as much and won't feel guilty about you being in debt for it.
2006-08-11 03:09:45 · answer #2 · answered by Grizzly 4 · 0⤊ 0⤋
They are breaking the law to offer a child under 18, credit.
2006-08-11 07:36:56 · answer #3 · answered by lonely as a cloud 6 · 0⤊ 0⤋
Don't think you can because you have to be over 18 to enter into a credit agreement
2006-08-11 03:07:50 · answer #4 · answered by Paul B 5 · 1⤊ 0⤋
No, you have to be over 18 to enter into any type of credit agreement, or have it guaranteed by someone over 18.
2006-08-11 03:37:48 · answer #5 · answered by mike-from-spain 6 · 1⤊ 0⤋
No. You must be over 18 in the UK before you can get credit
2006-08-11 03:07:15 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Definetly NO!
U need to be 18 to applied with an annual income of at least 25k-30k...
2006-08-17 13:11:17 · answer #7 · answered by samdesign78 6 · 0⤊ 0⤋
You usually have to be 18 or over for credit schemes. Can someone else get it for you, and you pay them?
2006-08-11 03:06:27 · answer #8 · answered by Stephen H 4 · 2⤊ 0⤋
most likely not, at 14 you are not considered old enough to enter in to a legal contract!
2006-08-11 03:07:48 · answer #9 · answered by Pobept 6 · 0⤊ 0⤋
DON'T EVEN CONSIDER IT,,,ITS NOT THE WAY TO START FINANCIAL LIFE (IN HOCK) AND YOUR MUM WON'T LIKE YOU FOR IT.........A BIG HUG AND A SINGLE ROSE WILL BE APPRECIATED MORE.... ALSO TAKE INTO ACCOUNT YOU COULD BE PAYING UP TO A THIRD MORE WITH THE WRONG AGREEMENT. STAY AWAY...
2006-08-18 23:46:44 · answer #10 · answered by plumbjobby 2 · 0⤊ 0⤋