Enforcement of consumer credit contracts

This guidance note explains how a credit provider can enforce a consumer credit contract, including:

• • additional information required in a default notice if a credit provider wishes to enforce an acceleration clause;
• • the process for enforcement against a guarantor;
• • procedures for the repossession of mortgaged goods;
• • how a stay can be obtained by a debtor; and
• • rights of the debtor and/or guarantor to request the credit provider to negotiate a postponement of enforcement action or the operation of an acceleration clause.

For more information about enforcement, please refer to Enforcement of consumer credit contracts.