When you buy something on credit, you will have to sign a credit agreement. This is a legal contract and must include the following information:

• The names and addresses of the buyer and seller.
• A description of the goods.
• The cash price and the other charges (finance charges, insurance and so on) that make up the total price the buyer must pay. The rate of interest applicable must also be included.
• The deposit that must be paid (a deposit must be paid).
• The amount of each instalment, including the last instalment, and the day of the week or month by which it must be paid.
• A note informing the buyer that the seller continues to own the goods until the full price has been paid.

You must be given a copy of the credit agreement. You should keep this document in a safe place.