10
Jun/090

TV Rentals Firm Found Guilty of Illegal Credit Practices

A Firm in Gloucestershire admitted trading without a Consumer Credit Licence, and as a result attempting to illegally enforce unlicensed credit agreements, at Stroud Magistrates Court. Glevum TV Rentals’ case followed an investigation by Gloucestershire County Council’s Trading Standards Service.

Magistrates imposed fines totalling £1,000 and ordered the company to make a £500 contribution towards the costs of bringing the prosecution.

Glevum TV Rentals Limited operated from a city centre shop where they offered a variety of goods, from furniture and domestic appliances to smaller goods, on a basis they described as ‘rent to buy’. These were actually hire purchase transactions.

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Filed under: Consumer Credit Licence
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