Additional information

About your credit agreement

It’s important that you read the documents enclosed with this letter as they contain essential
information about your credit agreement. The pre-contract information and Questions and Answers
sheet outline the key features of your credit agreement. They explain your right to withdraw from the
credit agreement, how to settle your account early and what happens if you miss a payment,
including any fees you may be charged.

About your payments

Your minimum monthly payments will be taken from the bank account specified in the letter. Full
details about your payments, including the dates the Direct Debit will be taken each month, can be
found on page 3, Direct Debit Details.

Fees

We may charge you the following additional fees:

Fee if you miss any minimum monthly payment: £25.00

Fee for each drawing if your account is cancelled due to your failure to
comply with the terms and conditions of your agreement: £0.00

The first payment on your schedule will include a facility fee of £0.00.

We collect payments monthly in advance, beginning on the start date of your policy. If your insurance
policy has been in place for a period of time you may need to make more than one payment within the
first month. If so, this is shown below
About your finance

Amount to be
Cover date Policy number Insurer Cover type
debited (£)
20/08/2023 001 Premier Underwriting Insurance 463.09
Limited (Mga)
Less deposit 50.94
Balance of premium to be financed 412.15
Projected interest at £12.00 per £100 (APR 28.82%) 49.46
Total amount payable 461.61

Your credit agreement doesn’t include any credit arrangement fee paid directly to your broker. Please
see your credit agreement for more information.
If there's a change to the total amount payable on your credit agreement (for example, if you make an
amendment to your insurance policy which changes the annual premium), the interest may vary.
We’ve set a credit limit of £650.00 We may vary or suspend your credit limit as necessary if you need
to make further drawn downs of credit (in order to finance, for example, renewals of your insurance
policy, or changes to the premium of your insurance policy). If we do change the credit limit, you’ll be
given advance notice.

About your online account

To make things even easier, you can get instant access to all of your account information online. Log
in to your account at www.closebrothersbanking.com using the details from your registration email
and you will be able to view your payment schedule and see exactly what you're paying and when.
You'll also have a complete set of all of your documention from us so you no longer need to keep a
paper copy, and you can update your address and bank details at any time.
Direct Debit details Check your
Direct Debit
details are
Account name: VASILE CIMPOI correct
Account number: XXXX9860
Bank Sort Code: 30-99-71

If any of these details are incorrect, please let us know immediately on 0333 321 8566. However, if the
details are correct you need do nothing and your Direct Debit will be processed as normal. You have
the right to cancel your Direct Debit at any time. A copy of your Direct Debit Guarantee is also shown
below.

The Direct Debit Guarantee

• This guarantee is offered by all banks and building societies that
accept instructions to pay Direct Debits.
• If there are any changes to the amount, date or frequency of your Direct Debit, Close Brothers
Limited trading as Close Brothers Premium Finance will notify you two working days in advance of
your account being debited or as otherwise agreed. If you request Close Brothers Limited trading
as Close Brothers Premium Finance to collect a payment, confirmation of the amount and date will
be given to you at the time of the request.
• If an error is made in the payment of your Direct Debit, by Close Brothers Limited trading as Close
Brothers Premium Finance or your bank or building society, you are entitled to a full and immediate
refund of the amount paid from your bank or building society.
o If you receive a refund you are not entitled to, you must pay it back when Close Brothers
Limited trading as Close Brothers Premium Finance asks you to.
• You can cancel a Direct Debit at any time by simply contacting your bank or building society.
Written confirmation may be required. Please also notify us.

Your payment schedule details

Subject to a successful credit approval your monthly payments will be taken as follows:

Date Amount (£) Date Amount (£)

20/09/2023 £41.96 20/03/2024 £41.96
20/10/2023 £42.01 22/04/2024 £41.96
20/11/2023 £41.96 20/05/2024 £41.96
20/12/2023 £41.96 20/06/2024 £41.96
22/01/2024 £41.96 22/07/2024 £41.96
20/02/2024 £41.96

The above table details the monthly payments that we’ll collect from you.

If any changes are made to your credit agreement, we may ask you to change your monthly payments
and / or the dates when payments are due.
Glossary
We know that some of the technical language we have to use in our letters and documents can sometimes be
confusing. To help you navigate this, we’ve put together a list of terms you might be unfamiliar with and put them in
plain English for you. Any use of these terms in lower case will have the same meaning.

Word Definition

Amount of credit The amount of money you’ve borrowed from us

on the condition you’ll pay us back in accordance
with your finance agreement.

Charge A payment or fee made payable by you to us.

Credit agreement / agreement
The contract between us (as lender) and you (as
a borrower). By entering into (signing) a credit
agreement with us, you’re accepting the legal
responsibility for paying back any money we lend
you under the credit agreement (including any
interest and/or fees).

Credit assessment These are the checks we do on you to assess

whether credit should be provided.

Default When you fail to meet the terms and conditions of

your agreement with us, (for example, by not
making a scheduled monthly repayment).

Default fees and charges These are fees that we charge you when you fail
to make a payment in line with the terms of your
credit agreement.

Draw down/drawing down A drawing or a drawdown is an amount of money

made available by us as (as lender) and taken or
used (drawn down) by you (as a borrower) to
finance a new or existing relevant policy in line
with the terms of your credit agreement.

When you make a drawing, we’ll make the

payment directly to the broker or relevant
insurance company under the terms of the credit
agreement.

Facility fee The fee we charge you for making a new or an

increased draw down of the money made
available by us (as lender) to you (as borrower)
under the terms of the credit agreement.

For example, to finance an increase in your

relevant policy’s premium.

Redress Giving compensation if you make a complaint or

claim about the credit agreement.

Relevant Policy/Relevant Policies The insurance policy which our agreement will
finance.

Running account A type of credit agreement that allows you to

borrow an amount of money up to an agreed
credit limit.

Security Property or goods that you promise to give to us if

you cannot pay what you owe.
 When we end your finance agreement with us. The end of your finance agreement with us.

If you have any questions, you can call us on 0333 321 8566 between 8:30am-6pm, Monday to Friday.

This glossary is provided for your assistance only, it’s not intended to form part of the agreement between us.
Questions and answers
It's important you take time to consider the information in this pack carefully. To help you do so, we've
prepared a series of question and answers.
What can I use this credit agreement for?
The credit agreement is specifically designed for the repayment of insurance premiums and can't be used for anything else. It gives
you an easy way to spread the cost of your insurance premium over a period of time, so you can manage your cashflow more
easily.

What will it cost me?

You'll have to pay back the money you use to pay for your insurance (we call this what you 'draw down') and pay interest, a facility
fee (if charged) and any credit arrangement fee you may have been charged by your broker. If you've chosen to fund this with us,
it'll be included in the amount you draw down under the agreement.

In some cases, you may have to pay other charges (for example, if you miss a payment) which are described in the Interest and
Charges section of your agreement. We'll let you know if you owe any of these charges. These costs and your credit limit are all
specified in your credit agreement and the Pre-Contract Credit Information sheet.

Your minimum monthly payments are calculated by adding interest to the amount you've drawn down and dividing that total by the
number of months you agreed to repay the money. For example:

£ amount + £ interest amount = £ total amount

£ minimum
£ total amount + months = monthly payment
amount

Your Direct Debit confirmation outlines your minimum monthly payments, and your credit agreement outlines the total you'll repay.
If you need to pay a facility fee this will be added to the first minimum payment.

Could the credit agreement have a negative impact on me?

Yes. Your insurance policy is also the 'security' for your credit, which means that your insurance could be cancelled if you don't
make the repayments.

If your insurance policy is cancelled in this way, we have the right to receive any money from the cancellation. If we do, we'll use
these funds to reduce the amount you owe us.

What happens if I don't make my minimum monthly payments on time?

You may have to pay a charge plus interest. The details of this are in the Interest and Charges section of the credit agreement.

If you don't follow the terms of our agreement, you'll be 'in breach'. Being in breach of can result in us ending ('terminating') the
agreement, and we may charge a fee for this. The details are set out in the Interest and charges section of the credit agreement.

We could also ask for your insurer to cancel your policy, so we can recover the money you owe us. You'll still be legally responsible
('liable') for all the money we're owed, as well as any charges. Your credit score could be damaged which could impact you in
future, for example making it more difficult to borrow money.

How important is it to read the pre-contract information?

It's very important that you read all the pre-contract information included within your Welcome Pack and take time to consider it
carefully.

The Welcome Pack also contains details of the cost of your credit agreement, the minimum monthly payments that you'll need to
make and the dates on which these will be taken, as well as the terms and conditions of the credit agreement which is our legal
contract with you. You can find this in the Pre-Contract Credit Information. This means you can make an informed decision about
whether or not this is the right product for you.

What if I change my mind about the credit agreement?

If you change your mind, you have the right to exit the agreement. This is called 'the right to withdraw'. You don't need to give us a
reason, but there is a time limit:

If we sent you a credit agreement that we'd already signed, then you have 14 working days to let us know. This begins the day after
you sign the agreement.

If you signed an agreement that we hadn't yet signed, then you have 14 working days beginning the day you receive a copy of the
agreement signed by us.

If you wish to exit the agreement, you must tell us in one of the following ways:

Telephone 0333 321 8566

(8:30am-6pm, Monday to Friday)

Email customerservicespf@closebrothers.com

Post Close Brothers Premium Finance,

Wimbledon Bridge House,
1 Hartfield Road,
London,
SW19 3RU
If you exit the agreement following these steps, we'll treat it like the agreement was never started. You'll need to repay the amount
of credit within 30 working days, beginning the day after you tell us that you want to exit the agreement. You won't have to pay us
any interest or charges, but you will have to find a new way to pay for your insurance.

Still have questions about your credit agreement?

If you have any questions or you'd like more information, you can call us on 0333 321 8566 at any time between 8.30am and 6pm,
Monday to Friday, or write to us at Close Brothers Premium Finance, Wimbledon Bridge House, 1 Hartfield Road, London, SW19
3RU.
 BfuBfVZVeYFYuDwwUFVZbwYJYwDfw:dwX
B501473528001
Credit Agreement regulated by the Consumer Credit Act 1974
This Running Account Credit Agreement is between:
This Bank (Close Brothers Limited trading as Close Brothers Premium Finance, Wimbledon Bridge House, 1 Hartfield Road, London, SW19 3RU); and
The Customer (If a trading name is used, insert name and trading title, e.g. Sam Jones t/a Jones Export)
Name Mr Vasile Cimpoi
Address 4 Warren Road, Winchester
Post Code SO23 0NL Email iacobm2007@yahoo.com
Home Tel 07448875851 Date of Birth (if applicable) DD/MM/YY 01/01/01
Details of the Customer's Insurance Broker (the Broker)
Broker Name Carole Nash Insurance Consultants Ltd
Broker Address Trafalgar House, 110 Manchester Road, Altrincham, Cheshire, WA14 1NU
This Agreement and the Facility
References in this Agreement to “We”, “Our” and “Us” are to the Bank. References to “You” and “Your” are to the Customer.
The main terms of this Agreement concerning the payments that You must make and Your rights under the Agreement are set
out on this page above the signature box. More detailed Conditions, which also form part of this Agreement, are set out over
the page.
This Agreement sets out the terms of a credit facility under which You, or the Broker on Your behalf, may make one or more
drawings to finance the purchase of insurance policies and any charges associated with those policies. You authorise and
instruct Us to forward the amount of each drawing to the Broker or the insurer under the policy being financed. We will open an
account in Your name to record the unpaid balance of all drawings, all interest and any charges relating to the facility (the
"Account").
The facility has no fixed duration. At the date of this Agreement Close Brothers has set a credit limit of £650.00 . You
of be able to make further drawdowns of credit for renewals of your policy or to pay for changes made to it over the term. As
may
a result Close Brothers has set a credit limit which may be varied or suspended by them as necessary. If we do change the
credit limit you will be given advance notice. The credit limit can vary in the following circumstances: (i) to take account of an
adjustment to an existing insurance policy financed by this Agreement; or (ii) to finance a new insurance policy taken out by
You; or (iii) where we reasonably consider that such variation is necessary to ensure that the repayments under the Agreement
remain affordable and suitable for Your financial circumstances. We will give you notice when we vary the credit limit in
accordance with Condition 11.
Payments and repayments
You must make a minimum monthly payment to Us each month in respect of each drawing while You owe money under this
Agreement. We will determine the minimum monthly payment, which will be enough to repay each drawing (together with any
associated interest and charges) before the expiry of the insurance policy or policies it finances. We will write to tell You what
the minimum monthly payment is and the dates when it is due. We may notify You to revise the minimum monthly payment
and the dates when it is due each time there is a new drawing, a change in the insurance premium or the charges being
financed, or You make an overpayment or a partial early repayment.
Total amount payable
The total amount You must pay in respect of Your first drawing of £412.15 under this Agreement is £461.61 ,
assuming You make all Your minimum monthly payments on time. This amount includes any credit arrangement fee You may
have been charged by the Broker. The total amount payable under the Agreement is £743.60 . This is how much
You would have to pay if You borrowed an amount equal to the credit limit set out above and is calculated based on the APR
assumptions set out below. If you borrow an amount less than the credit limit, the amount you pay in respect of that drawing
will be lower.
Interest and charges
We apply a flat rate interest charge on the amount of each drawing. The flat rate interest charge on the first drawing under this
Agreement will be 12.00% . The annual rate of interest is equal to the flat rate interest charge adjusted by the portion of a year
for which the drawing is outstanding. The annual rate of interest for the first drawing under this Agreement is 14.40% ,
assuming that the drawing is repaid in 11 instalments starting on the first date when the facility is available. We may notify You
to vary the flat rate interest charge and the annual rate of interest in accordance with Condition 11.
The APR under this Agreement is 28.82% . To assist in the comparison of credit, the APR is based on standard assumptions,
which are that: (i) You make a single drawing, which is assumed to be equal to the credit limit set out above on the first date
when the facility is available and any facility fee and any credit arrangement fee is calculated on the basis of a drawing of that
amount; (ii) the drawing, interest charge and any facility fee are repaid in equal monthly payments over a period of one year
commencing one month after the date of the drawing; and (iii) interest is charged at the annual rate of interest quoted above.
The dates and amounts of payments assumed to calculate the annual rate of interest, the APR and the total amount payable
may not be the same as the dates and amounts of payments that apply to actual drawings under this Agreement.
The facility fee for the first drawing made under this Agreement will be £0 . The Broker will have charged you a
Signature of Customer
Print Name Date
Customer declaration and data protection
By entering into this Agreement, You confirm that:
(a) all information given by You in connection with this Agreement is true and correct;
(b) You are not in default under any agreement with Us or a Group Company;
(c) You are not aware of any circumstances that would affect Our decision to enter into this Agreement with You (including
Your inability to make Your monthly minimum payment on time);
(d) You have received the pre-contract information prior to signing this agreement.
If You are not a company or a partnership You also confirm that:
(e) You have not been adjudged bankrupt and no proceedings for bankruptcy are pending or have been issued against You.
Marketing
I'd like to be contacted with the latest news and offers from Close Brothers Limited.
Please remember to read, sign, print your
name in full and date the agreement before
returning in the pre-paid envelope
FORM 9101
Mobile 07448875851
Company Registration No. (If applicable)
Broker Code 5008393602
credit arrangement fee of £0.00 for the arrangement of this drawing. You may be charged a facility fee and / or a credit
arrangement fee each time you make a new drawing or increase the amount of a drawing to finance an increase in insurance
premium.
If one of the following events occurs, We may make the following charges (which We will debit from Your account
automatically):
(a) £25 if We do not receive any minimum monthly payment on time;
(b) £0 for each drawing if We end this Agreement for a reason set out in Condition 5;
(c) a fee of at least £25 if You ask to move back the date for any minimum monthly payment by more than 7 days;
(d) all reasonable management and administrative costs We incur in responding to and dealing with Your enquiries relating to
the administration of Your account, subject to any restrictions under (i) the Consumer Credit Act 1974(“CCA”) and all
regulations made under it; (ii) the rules of the Financial Conduct Authority and any other rules or requirements of a relevant
regulatory authority; and (iii) all other laws, rules and regulations as in force and applicable to Our provision of credit under
this Agreement (“Applicable Law”); and
(e) if You fail to make a minimum monthly payment or to pay any other amount on time, interest on the unpaid amount until that
amount is paid, calculated daily at the annual rate of interest applicable to the relevant drawing (determined as described
under “Interest and charges”).
Right to withdraw
You have the right under the CCA to withdraw from this Agreement without giving any reason before the end of a period of 14
days beginning on the day after (a) where We send You an agreement signed by Us, the day on which You enter into this
Agreement or (b) where You sign an agreement that has not been signed by Us, the day on which You receive a copy of this
Agreement signed by Us. If You wish to withdraw You must give Us notice by one of the following methods: (i) by telephone
on 0333 321 8566; (ii) by email to customerservicespf@closebrothers.com; or (iii) by post or delivery of the notice to the
above address. If You do give Us notice of withdrawal, You must repay to Us the amount of any drawing that has been made
without delay and in any event by no later than 30 days after the day on which You give US notice of withdrawal. You will not
be required to pay any interest or charges. If You withdraw from this Agreement leaving sums outstanding We may notify credit
reference agencies.
Missing payments
If You miss a payment You will incur extra charges, Your credit record may be affected and You may find it harder to borrow
again from Us or another lender. We may take steps to have Your insurance policy or policies terminated. We may also take
legal action against You.
Use of Your information
Your personal data will be collected and processed by Close Brothers Limited trading as Close Brothers Premium Finance .
You can find further information about how and why we use Your personal data at www.closebrotherspf.com/privacy .
Purposes for which we use your personal data:
(a) to verify Your identity, assess Your suitability for the products and services that You have requested, and decide whether to
enter into an agreement with You, such as: credit reference and scoring checks, checks for criminal proceedings /
convictions, financial assessments, anti-money laundering and fraud prevention checks which may include sharing personal
data with fraud prevention agencies.
(b) to manage, administer and take decisions regarding your Agreement, such as: providing products and services to You,
exercising Our rights, and performing Our obligations, making payments and recovering monies.
(c) managing Our legitimate business interests, such as: improving customer service, market research, quality assurance,
training staff, marketing (where You have permitted Us to), system development and statistical analysis on Your personal
data.
(d) to meet Our legal and regulatory obligations.
Signature of Bank
Date 21/08/2023
Customer acknowledgements
(a) These are Our standard terms and conditions on which We intend to rely. You should read this Agreement carefully before
signing it, together with any other documentation We have sent You. If You do not understand anything please ask for
further information or seek independent advice.
(b) If We do not receive a signed copy of this Agreement back from You (or satisfactory confirmation that You have signed it),
We will have no obligation to provide You with credit. If We withdraw Our offer to provide credit, any amounts paid by Us to
the Broker will be held by the Broker on Our behalf and You authorise Us to repay any interest and charges that We have
collected from You to the Broker on Your behalf. Any insurance policy that was to be financed under this Agreement may be
at risk of being cancelled.
(c) Even if You do not sign and return a copy of this Agreement to Us or confirm that You have done so, We will regard You as
having accepted Our offer to provide credit to You on the terms set out in this Agreement if You permit the first minimum
monthly payment under the facility to be collected from Your bank account under the Direct Debit Instruction that You have
provided to Us.
R_PL_CS_STD_CA_A_B_0523
 Conditions
1. Request for drawings: You may request credit under this Agreement by sending Your request to the Broker. We may
refuse any such request by notice to you giving Our reasons for refusal (or without notice in circumstances where the
CCA does not require a notice to be given) if (a) any event or circumstance specified in Condition 5 (each an “Event
of Default”) has occurred or (b) for any other objectively justified reason including, without limitation, if we reasonably
consider that (i) the use of the credit would be unauthorised or fraudulent or (ii) there is a significantly increased risk
of You being unable to fulfil Your obligation to repay the credit. If You request credit under this Agreement that would
exceed the credit limit We will consider such request but We are under no obligation to provide credit that exceeds
the credit limit. The amount of any request for credit in connection with the policy being financed (such policy
including any renewal, substitution or replacement of the Policy, being a “Relevant Policy”) will be debited to Your
Account and We will pay it to the Broker or the Insurer.
2. Minimum monthly payments: You must pay to Us by Direct Debit a minimum monthly payment as referred to on the
front page of this Agreement. We do not have to send You a separate demand. You must maintain a Direct Debit
Instruction in respect of the minimum monthly payment due for the duration of this Agreement.
3. Security: As security for the payment of all present and future amounts, obligations and liabilities that You owe to Us
under or in connection with this Agreement (“Unpaid Amounts”), You:
(a) charge to Us by way of first fixed charge; and
(b) assign and agree to assign to Us by security, absolutely and unconditionally, all Your right, title and interest at any
time in and to the Relevant Policies, including (without limitation) all rights to and interest in (i) all sums payable under
Relevant Policies (including refunds and claims other than third party claims), and (ii) the right to cancel and/or
enforce the Relevant Policies.
In addition, for so long as there are Unpaid Amounts outstanding, You agree that You will:
(c) not create or allow to exist any security interest on, or in relation to, any Relevant Policy other than those rights
specifically given in Our favour;
(d) not assign or transfer any Relevant Policy to any other person;
(e) not cancel, vary, renew or replace any Relevant Policy without Our consent;
(f) not claim under any Relevant Policy without notifying Us in advance;
(g) not appoint a broker other than the Broker referred to on the front page of this Agreement without Our consent;
(h) not do or allow anything to be done which might prejudice Our security over the Relevant Policies or
reduce the amount payable under any of them;
(i) ensure that any refund of premiums due in connection with a Relevant Policy is paid to Us (and We will credit the
refund to Your Account); and
(j) take whatever action We reasonably request to (i) perfect or protect the security created by this Agreement, and (ii)
enable the cancellation or enforcement of any Relevant Policies.
4. Enforcement of security: If, following the occurrence of an Event of Default or a Termination Event, We decide to
enforce the security, We (or the Broker acting on Our behalf) may take such steps in relation to the Relevant Policies
as are necessary to protect Us. These steps may include (but are not limited to): (i) notifying Your insurer of Our
interest in the Relevant Policies; (ii) cancelling any Relevant Policy and applying any proceeds or refunds paid under
it in or towards payment of the Unpaid Amounts; (iii) taking steps to enforce any Relevant Policy; and (iv) taking
possession of any Relevant Policy and retaining it. This will mean that You do not receive any amounts paid in
connection with the Relevant Policies until We have been repaid in full.
5. Events of default: The Events of Default are:
(a) You fail to pay on the due date any minimum monthly payment due in respect of Your Account;
(b) You use all or any part of any drawing for any purpose other than to pay the premium on a Relevant Policy or any
associated charges;
(c) any of the following apply to You:
(i) You are insolvent or unable to pay Your debts under any applicable law or You suspend payments on any of Your
debts;
(ii) a statutory demand or bankruptcy petition or order is served on You;
(iii) an arrangement is approved in respect of You for a compromise of Your debts or You sign a trust deed for the benefit
of creditors;
(iv) You are dissolved, enter administration, moratorium or receivership or are wound-up; or
(v) any procedure or step is taken in any jurisdiction in respect of You which has a similar effect to those in (i)
to (iv) above;
(d) enforcement or execution or distress is levied or attempted against You or any of Your assets or income including
(without limitation) the appointment of a receiver or any procedure or step is taken in any jurisdiction which has a
similar effect;
(e) You fail to comply in any material respect with any of the terms of this Agreement;
(f) You are in material breach of any of the terms of any other agreement that You have entered into with Us or any other
Group Company;
(g) We consider, in Our reasonable discretion, that the security that You have granted to Us under this Agreement is in
jeopardy;
(h) You have given false information or have otherwise committed or assisted another person to commit fraud in
connection with this Agreement; or
(i) We reasonably consider that Our reputation would be at risk if We were to continue with this Agreement.
6. Remedies on default: If any Event of Default occurs and is continuing, and We give You at least fourteen days’ notice in
writing, then We may:
(a) declare that any Unpaid Amounts (including unpaid interest that has not yet been debited to Your account) have
become immediately due and payable to Us; and
(b) enforce the security that You have granted to Us.
7. Termination Event: A Termination Event will occur if after carrying out a further assessment following the making of a
drawing We reasonably consider that the commitments under this agreement would adversely impact your financial
situation or You would be unable to make the minimum monthly payments due under this Agreement. If a Termination
Event occurs, We may take the same steps as we would be entitled to take following an Event of Default, except that
no interest or Facility Fee will be due from You for the relevant drawing.
8. Termination of the Agreement:
(a) We may end this Agreement at any time by giving You at least two months’ written notice.
(b) You (or the Broker acting on Your behalf) may end this Agreement at any time by giving written notice to Us.
(c) If We or You terminate this Agreement You must pay Us on or before the termination date any Unpaid Amounts
(including accrued interest which has not yet been debited to Your Account).
9. Set-off rights: We may set-off any amount due from You under this Agreement or under any other agreement with Us
or any other Group Company against any obligation that We owe to You. Any exercise of Our right to set-off shall not
limit or affect any other rights or remedies available to Us under this Agreement.
To receive this Agreement in an alternative format, please contact Us on 0333 321 8566 or email Us at customerservicespf@closebrothers.com
Please remember to read, sign, print your
name in full and date the agreement before
returning in the pre-paid envelope
GDC3739-11-12-18
10. The Broker:
(a) You authorise and instruct the Broker on Your behalf to:
(i) submit any application for a drawing;
(ii) pay any drawing to the insurer to cover the cost of a premium payable under a Relevant Policy; and
(iii) arrange for any refund of premiums following cancellation of a Relevant Policy and any other amounts payable to You
in connection with a Relevant Policy to be paid to Us (and We will credit those amounts to Your Account).
(b) You authorise Us to pay to the Broker on Your behalf any amount (including repayment of any interest and charges
on withdrawal) that We have to pay to You under this Agreement.
(c) The Broker has at Our request made arrangements for You to enter into this Agreement and You acknowledge and
agree that We may pay commission to the Broker. Nevertheless, the Broker has not acted and does not act as Our
agent in relation to this Agreement or the facility.
11. Variation:
(a) We may vary this Agreement with immediate effect (and will notify You in writing where We have done so) to:
(i) reflect changes in Applicable Law or new industry guidance or codes of practice; or
(ii) vary the flat rate interest charge and the annual rate of interest if You request a further drawing or an increase of an
existing drawing or to reflect changes in the cost of providing Our services to You.
(b) We may vary the credit limit for any of the reasons set out on the front page of this Agreement by giving You written
notice.
(c) If We give You at least seven days’ written notice We may vary this Agreement to:
(i) vary the facility fee if You request a further drawing or an increase of an existing drawing;
(ii) vary any charges to reflect changes in the cost of providing Our services to You;
(iii) correct an obvious error or make minor amendments to this Agreement that do not materially prejudice Your rights
under it; or
(iv) reflect an improvement to or extension of the scope of the services that We provide to You or any other change to the
services that is not detrimental to You.
(d) Where We agree to finance an increase in the insurance premium or associated charges, this may be treated as a
new drawing or an increase in an existing drawing.
12. Exchange of information with Credit Reference Agencies: To assess Your application, We may carry out a search
with a credit reference agency who will keep a record of Our enquiry. We may also search records at credit reference
agencies which may be linked to persons with whom You are linked financially and You may be assessed with
reference to "associated records".We may also add to Your or Your business's record with the credit reference
agencies details of Your Agreement with Us. They may keep records of enquiries and add details of Our search and
Your application to Your record. We may use credit scoring techniques and automated decision making systems
which may take into account any previous applications for finance, defaults or existing debt. The results of this
decision may decide whether We provide You with Our services. If You disagree with the results of an automated
decision, You can request a review of Your application, We may also make periodic searches of credit reference
agencies to manage Your account with Us.
If You would like details of the credit reference agencies from whom We obtain, and to whom We pass, information
about You, please write to Us at the above address, email Us at customerservicespf@closebrothers.com or telephone
Us on 0333 321 8566. More information in respect of the credit reference agencies with whom We share Your
personal data is available at www.experian.co.uk/crain.
13. Information: You must promptly:
(a) provide Us with any information that We may reasonably request from You that is relevant to Our assessment of Your
creditworthiness; and
(b) inform Us without delay of any changes to Your contact details provided.
14. Transfer of rights and obligations: We may transfer all or any of Our rights and obligations under this Agreement to
any person, provided that We reasonably believe such transfer will not prejudice Your rights. You may not assign or
transfer Your rights or obligations under this Agreement without Our consent.
15. No waiver: Any failure by Us (whether continued or not) to insist upon strict compliance with any of the terms of this
Agreement will not affect Our ability to exercise Our rights in the future.
16. Governing law: This Agreement and any non contractual obligations arising out of or in connection with it are
governed by English law and both You and We submit to the non-exclusive jurisdiction of the English courts in
relation to any dispute in connection with this Agreement.
Important information
17. Right to repay early: You have the right under the CCA to repay amounts that You have borrowed under this
Agreement early in full or in part. If You wish to repay any amount early You must give Us notice by one of
the following methods: (i) by telephone on 0333 321 8566; (ii) by email to customerservicespf@closebrothers.com or
(iii) by post or delivery of the notice to the above address. If You do repay an amount early, We may recalculate the
minimum monthly payment to ensure that drawings are repaid over the time period originally agreed with You.
18. Right of action: You may be entitled to take action against the insurer under a Relevant Policy, the Broker or Us if
You have received unsatisfactory services paid for under this Agreement costing more than £100 and not more
than £30,000. If the value of the services is more than £30,000 and less than £60,260 You are entitled to take action
against Us if You are unable to obtain redress from the insurer or the Broker.
19. Consumer Credit Act: If You are a company or a partnership consisting of four or more persons, You will not benefit
from protections under the CCA or the Consumer Credit Sourcebook of the Financial Conduct Authority.
20. Complaints and requesting information: If You would like to make a complaint about Our services, in the first
instance, and to allow Us to resolve any problems, please telephone Us on 0333 321 8566, email Us at
complaintspf@closebrothers.com or write to Us at the address at the top of the front page. Our complaints handling
procedures can be obtained using any of the above details. If You feel the complaint has not been satisfactorily
resolved then, if You are not a business debtor, You have a right to complain to the Financial Ombudsman Service. If
You are a business debtor, You may have a right to complain to the Financial Ombudsman Service. The Financial
Ombudsman can be contacted on 0800 023 4567, or by writing to The Financial Ombudsman Service, Exchange
Tower, London E14 9SR or by email to complaint.info@financial-ombudsman.org.uk or via their website at
www.financial-ombudsman.org.uk. You may ask for a copy of the information We hold about You by writing to
Information Requests at the address at the top of the front page.
21. Regulator: Financial Conduct Authority, 12 Endeavour Square, London E20 1JN
R_PL_CS_STD_CA_A_B_0523
 BfuBfVZVeYFYuDwwUFVZbwYJYwDfw:dwX
B501473528001
Credit Agreement regulated by the Consumer Credit Act 1974
This Running Account Credit Agreement is between:
This Bank (Close Brothers Limited trading as Close Brothers Premium Finance, Wimbledon Bridge House, 1 Hartfield Road, London, SW19 3RU); and
The Customer (If a trading name is used, insert name and trading title, e.g. Sam Jones t/a Jones Export)
Name Mr Vasile Cimpoi
Address 4 Warren Road, Winchester
Post Code SO23 0NL Email iacobm2007@yahoo.com
Home Tel 07448875851 Date of Birth (if applicable) DD/MM/YY 01/01/01
Details of the Customer's Insurance Broker (the Broker)
Broker Name Carole Nash Insurance Consultants Ltd
Broker Address Trafalgar House, 110 Manchester Road, Altrincham, Cheshire, WA14 1NU
This Agreement and the Facility
References in this Agreement to “We”, “Our” and “Us” are to the Bank. References to “You” and “Your” are to the Customer.
The main terms of this Agreement concerning the payments that You must make and Your rights under the Agreement are set
out on this page above the signature box. More detailed Conditions, which also form part of this Agreement, are set out over
the page.
This Agreement sets out the terms of a credit facility under which You, or the Broker on Your behalf, may make one or more
drawings to finance the purchase of insurance policies and any charges associated with those policies. You authorise and
instruct Us to forward the amount of each drawing to the Broker or the insurer under the policy being financed. We will open an
account in Your name to record the unpaid balance of all drawings, all interest and any charges relating to the facility (the
"Account").
The facility has no fixed duration. At the date of this Agreement Close Brothers has set a credit limit of £650.00 . You
of be able to make further drawdowns of credit for renewals of your policy or to pay for changes made to it over the term. As
may
a result Close Brothers has set a credit limit which may be varied or suspended by them as necessary. If we do change the
credit limit you will be given advance notice. The credit limit can vary in the following circumstances: (i) to take account of an
adjustment to an existing insurance policy financed by this Agreement; or (ii) to finance a new insurance policy taken out by
You; or (iii) where we reasonably consider that such variation is necessary to ensure that the repayments under the Agreement
remain affordable and suitable for Your financial circumstances. We will give you notice when we vary the credit limit in
accordance with Condition 11.
Payments and repayments
You must make a minimum monthly payment to Us each month in respect of each drawing while You owe money under this
Agreement. We will determine the minimum monthly payment, which will be enough to repay each drawing (together with any
associated interest and charges) before the expiry of the insurance policy or policies it finances. We will write to tell You what
the minimum monthly payment is and the dates when it is due. We may notify You to revise the minimum monthly payment
and the dates when it is due each time there is a new drawing, a change in the insurance premium or the charges being
financed, or You make an overpayment or a partial early repayment.
Total amount payable
The total amount You must pay in respect of Your first drawing of £412.15 under this Agreement is £461.61 ,
assuming You make all Your minimum monthly payments on time. This amount includes any credit arrangement fee You may
have been charged by the Broker. The total amount payable under the Agreement is £743.60 . This is how much
You would have to pay if You borrowed an amount equal to the credit limit set out above and is calculated based on the APR
assumptions set out below. If you borrow an amount less than the credit limit, the amount you pay in respect of that drawing
will be lower.
Interest and charges
We apply a flat rate interest charge on the amount of each drawing. The flat rate interest charge on the first drawing under this
Agreement will be 12.00% . The annual rate of interest is equal to the flat rate interest charge adjusted by the portion of a year
for which the drawing is outstanding. The annual rate of interest for the first drawing under this Agreement is 14.40% ,
assuming that the drawing is repaid in 11 instalments starting on the first date when the facility is available. We may notify You
to vary the flat rate interest charge and the annual rate of interest in accordance with Condition 11.
The APR under this Agreement is 28.82% . To assist in the comparison of credit, the APR is based on standard assumptions,
which are that: (i) You make a single drawing, which is assumed to be equal to the credit limit set out above on the first date
when the facility is available and any facility fee and any credit arrangement fee is calculated on the basis of a drawing of that
amount; (ii) the drawing, interest charge and any facility fee are repaid in equal monthly payments over a period of one year
commencing one month after the date of the drawing; and (iii) interest is charged at the annual rate of interest quoted above.
The dates and amounts of payments assumed to calculate the annual rate of interest, the APR and the total amount payable
may not be the same as the dates and amounts of payments that apply to actual drawings under this Agreement.
The facility fee for the first drawing made under this Agreement will be £0 . The Broker will have charged you a
Signature of Customer
Print Name Date
Customer declaration and data protection
By entering into this Agreement, You confirm that:
(a) all information given by You in connection with this Agreement is true and correct;
(b) You are not in default under any agreement with Us or a Group Company;
(c) You are not aware of any circumstances that would affect Our decision to enter into this Agreement with You (including
Your inability to make Your monthly minimum payment on time);
(d) You have received the pre-contract information prior to signing this agreement.
If You are not a company or a partnership You also confirm that:
(e) You have not been adjudged bankrupt and no proceedings for bankruptcy are pending or have been issued against You.
Marketing
I'd like to be contacted with the latest news and offers from Close Brothers Limited.
Please read, sign and date this copy of the
agreement and retain for your records
FORM 9101
Mobile 07448875851
Company Registration No. (If applicable)
Broker Code 5008393602
credit arrangement fee of £0.00 for the arrangement of this drawing. You may be charged a facility fee and / or a credit
arrangement fee each time you make a new drawing or increase the amount of a drawing to finance an increase in insurance
premium.
If one of the following events occurs, We may make the following charges (which We will debit from Your account
automatically):
(a) £25 if We do not receive any minimum monthly payment on time;
(b) £0 for each drawing if We end this Agreement for a reason set out in Condition 5;
(c) a fee of at least £25 if You ask to move back the date for any minimum monthly payment by more than 7 days;
(d) all reasonable management and administrative costs We incur in responding to and dealing with Your enquiries relating to
the administration of Your account, subject to any restrictions under (i) the Consumer Credit Act 1974(“CCA”) and all
regulations made under it; (ii) the rules of the Financial Conduct Authority and any other rules or requirements of a relevant
regulatory authority; and (iii) all other laws, rules and regulations as in force and applicable to Our provision of credit under
this Agreement (“Applicable Law”); and
(e) if You fail to make a minimum monthly payment or to pay any other amount on time, interest on the unpaid amount until that
amount is paid, calculated daily at the annual rate of interest applicable to the relevant drawing (determined as described
under “Interest and charges”).
Right to withdraw
You have the right under the CCA to withdraw from this Agreement without giving any reason before the end of a period of 14
days beginning on the day after (a) where We send You an agreement signed by Us, the day on which You enter into this
Agreement or (b) where You sign an agreement that has not been signed by Us, the day on which You receive a copy of this
Agreement signed by Us. If You wish to withdraw You must give Us notice by one of the following methods: (i) by telephone
on 0333 321 8566; (ii) by email to customerservicespf@closebrothers.com; or (iii) by post or delivery of the notice to the
above address. If You do give Us notice of withdrawal, You must repay to Us the amount of any drawing that has been made
without delay and in any event by no later than 30 days after the day on which You give US notice of withdrawal. You will not
be required to pay any interest or charges. If You withdraw from this Agreement leaving sums outstanding We may notify credit
reference agencies.
Missing payments
If You miss a payment You will incur extra charges, Your credit record may be affected and You may find it harder to borrow
again from Us or another lender. We may take steps to have Your insurance policy or policies terminated. We may also take
legal action against You.
Use of Your information
Your personal data will be collected and processed by Close Brothers Limited trading as Close Brothers Premium Finance .
You can find further information about how and why we use Your personal data at www.closebrotherspf.com/privacy .
Purposes for which we use your personal data:
(a) to verify Your identity, assess Your suitability for the products and services that You have requested, and decide whether to
enter into an agreement with You, such as: credit reference and scoring checks, checks for criminal proceedings /
convictions, financial assessments, anti-money laundering and fraud prevention checks which may include sharing personal
data with fraud prevention agencies.
(b) to manage, administer and take decisions regarding your Agreement, such as: providing products and services to You,
exercising Our rights, and performing Our obligations, making payments and recovering monies.
(c) managing Our legitimate business interests, such as: improving customer service, market research, quality assurance,
training staff, marketing (where You have permitted Us to), system development and statistical analysis on Your personal
data.
(d) to meet Our legal and regulatory obligations.
Signature of Bank
Date 21/08/2023
Customer acknowledgements
(a) These are Our standard terms and conditions on which We intend to rely. You should read this Agreement carefully before
signing it, together with any other documentation We have sent You. If You do not understand anything please ask for
further information or seek independent advice.
(b) If We do not receive a signed copy of this Agreement back from You (or satisfactory confirmation that You have signed it),
We will have no obligation to provide You with credit. If We withdraw Our offer to provide credit, any amounts paid by Us to
the Broker will be held by the Broker on Our behalf and You authorise Us to repay any interest and charges that We have
collected from You to the Broker on Your behalf. Any insurance policy that was to be financed under this Agreement may be
at risk of being cancelled.
(c) Even if You do not sign and return a copy of this Agreement to Us or confirm that You have done so, We will regard You as
having accepted Our offer to provide credit to You on the terms set out in this Agreement if You permit the first minimum
monthly payment under the facility to be collected from Your bank account under the Direct Debit Instruction that You have
provided to Us.
R_PL_CS_STD_CA_A_B_0523
 Conditions
1. Request for drawings: You may request credit under this Agreement by sending Your request to the Broker. We may
refuse any such request by notice to you giving Our reasons for refusal (or without notice in circumstances where the
CCA does not require a notice to be given) if (a) any event or circumstance specified in Condition 5 (each an “Event
of Default”) has occurred or (b) for any other objectively justified reason including, without limitation, if we reasonably
consider that (i) the use of the credit would be unauthorised or fraudulent or (ii) there is a significantly increased risk
of You being unable to fulfil Your obligation to repay the credit. If You request credit under this Agreement that would
exceed the credit limit We will consider such request but We are under no obligation to provide credit that exceeds
the credit limit. The amount of any request for credit in connection with the policy being financed (such policy
including any renewal, substitution or replacement of the Policy, being a “Relevant Policy”) will be debited to Your
Account and We will pay it to the Broker or the Insurer.
2. Minimum monthly payments: You must pay to Us by Direct Debit a minimum monthly payment as referred to on the
front page of this Agreement. We do not have to send You a separate demand. You must maintain a Direct Debit
Instruction in respect of the minimum monthly payment due for the duration of this Agreement.
3. Security: As security for the payment of all present and future amounts, obligations and liabilities that You owe to Us
under or in connection with this Agreement (“Unpaid Amounts”), You:
(a) charge to Us by way of first fixed charge; and
(b) assign and agree to assign to Us by security, absolutely and unconditionally, all Your right, title and interest at any
time in and to the Relevant Policies, including (without limitation) all rights to and interest in (i) all sums payable under
Relevant Policies (including refunds and claims other than third party claims), and (ii) the right to cancel and/or
enforce the Relevant Policies.
In addition, for so long as there are Unpaid Amounts outstanding, You agree that You will:
(c) not create or allow to exist any security interest on, or in relation to, any Relevant Policy other than those rights
specifically given in Our favour;
(d) not assign or transfer any Relevant Policy to any other person;
(e) not cancel, vary, renew or replace any Relevant Policy without Our consent;
(f) not claim under any Relevant Policy without notifying Us in advance;
(g) not appoint a broker other than the Broker referred to on the front page of this Agreement without Our consent;
(h) not do or allow anything to be done which might prejudice Our security over the Relevant Policies or
reduce the amount payable under any of them;
(i) ensure that any refund of premiums due in connection with a Relevant Policy is paid to Us (and We will credit the
refund to Your Account); and
(j) take whatever action We reasonably request to (i) perfect or protect the security created by this Agreement, and (ii)
enable the cancellation or enforcement of any Relevant Policies.
4. Enforcement of security: If, following the occurrence of an Event of Default or a Termination Event, We decide to
enforce the security, We (or the Broker acting on Our behalf) may take such steps in relation to the Relevant Policies
as are necessary to protect Us. These steps may include (but are not limited to): (i) notifying Your insurer of Our
interest in the Relevant Policies; (ii) cancelling any Relevant Policy and applying any proceeds or refunds paid under
it in or towards payment of the Unpaid Amounts; (iii) taking steps to enforce any Relevant Policy; and (iv) taking
possession of any Relevant Policy and retaining it. This will mean that You do not receive any amounts paid in
connection with the Relevant Policies until We have been repaid in full.
5. Events of default: The Events of Default are:
(a) You fail to pay on the due date any minimum monthly payment due in respect of Your Account;
(b) You use all or any part of any drawing for any purpose other than to pay the premium on a Relevant Policy or any
associated charges;
(c) any of the following apply to You:
(i) You are insolvent or unable to pay Your debts under any applicable law or You suspend payments on any of Your
debts;
(ii) a statutory demand or bankruptcy petition or order is served on You;
(iii) an arrangement is approved in respect of You for a compromise of Your debts or You sign a trust deed for the benefit
of creditors;
(iv) You are dissolved, enter administration, moratorium or receivership or are wound-up; or
(v) any procedure or step is taken in any jurisdiction in respect of You which has a similar effect to those in (i)
to (iv) above;
(d) enforcement or execution or distress is levied or attempted against You or any of Your assets or income including
(without limitation) the appointment of a receiver or any procedure or step is taken in any jurisdiction which has a
similar effect;
(e) You fail to comply in any material respect with any of the terms of this Agreement;
(f) You are in material breach of any of the terms of any other agreement that You have entered into with Us or any other
Group Company;
(g) We consider, in Our reasonable discretion, that the security that You have granted to Us under this Agreement is in
jeopardy;
(h) You have given false information or have otherwise committed or assisted another person to commit fraud in
connection with this Agreement; or
(i) We reasonably consider that Our reputation would be at risk if We were to continue with this Agreement.
6. Remedies on default: If any Event of Default occurs and is continuing, and We give You at least fourteen days’ notice in
writing, then We may:
(a) declare that any Unpaid Amounts (including unpaid interest that has not yet been debited to Your account) have
become immediately due and payable to Us; and
(b) enforce the security that You have granted to Us.
7. Termination Event: A Termination Event will occur if after carrying out a further assessment following the making of a
drawing We reasonably consider that the commitments under this agreement would adversely impact your financial
situation or You would be unable to make the minimum monthly payments due under this Agreement. If a Termination
Event occurs, We may take the same steps as we would be entitled to take following an Event of Default, except that
no interest or Facility Fee will be due from You for the relevant drawing.
8. Termination of the Agreement:
(a) We may end this Agreement at any time by giving You at least two months’ written notice.
(b) You (or the Broker acting on Your behalf) may end this Agreement at any time by giving written notice to Us.
(c) If We or You terminate this Agreement You must pay Us on or before the termination date any Unpaid Amounts
(including accrued interest which has not yet been debited to Your Account).
9. Set-off rights: We may set-off any amount due from You under this Agreement or under any other agreement with Us
or any other Group Company against any obligation that We owe to You. Any exercise of Our right to set-off shall not
limit or affect any other rights or remedies available to Us under this Agreement.
To receive this Agreement in an alternative format, please contact Us on 0333 321 8566 or email Us at customerservicespf@closebrothers.com
Please read, sign and date this copy of the
agreement and retain for your records
GDC3739-11-12-18
10. The Broker:
(a) You authorise and instruct the Broker on Your behalf to:
(i) submit any application for a drawing;
(ii) pay any drawing to the insurer to cover the cost of a premium payable under a Relevant Policy; and
(iii) arrange for any refund of premiums following cancellation of a Relevant Policy and any other amounts payable to You
in connection with a Relevant Policy to be paid to Us (and We will credit those amounts to Your Account).
(b) You authorise Us to pay to the Broker on Your behalf any amount (including repayment of any interest and charges
on withdrawal) that We have to pay to You under this Agreement.
(c) The Broker has at Our request made arrangements for You to enter into this Agreement and You acknowledge and
agree that We may pay commission to the Broker. Nevertheless, the Broker has not acted and does not act as Our
agent in relation to this Agreement or the facility.
11. Variation:
(a) We may vary this Agreement with immediate effect (and will notify You in writing where We have done so) to:
(i) reflect changes in Applicable Law or new industry guidance or codes of practice; or
(ii) vary the flat rate interest charge and the annual rate of interest if You request a further drawing or an increase of an
existing drawing or to reflect changes in the cost of providing Our services to You.
(b) We may vary the credit limit for any of the reasons set out on the front page of this Agreement by giving You written
notice.
(c) If We give You at least seven days’ written notice We may vary this Agreement to:
(i) vary the facility fee if You request a further drawing or an increase of an existing drawing;
(ii) vary any charges to reflect changes in the cost of providing Our services to You;
(iii) correct an obvious error or make minor amendments to this Agreement that do not materially prejudice Your rights
under it; or
(iv) reflect an improvement to or extension of the scope of the services that We provide to You or any other change to the
services that is not detrimental to You.
(d) Where We agree to finance an increase in the insurance premium or associated charges, this may be treated as a
new drawing or an increase in an existing drawing.
12. Exchange of information with Credit Reference Agencies: To assess Your application, We may carry out a search
with a credit reference agency who will keep a record of Our enquiry. We may also search records at credit reference
agencies which may be linked to persons with whom You are linked financially and You may be assessed with
reference to "associated records".We may also add to Your or Your business's record with the credit reference
agencies details of Your Agreement with Us. They may keep records of enquiries and add details of Our search and
Your application to Your record. We may use credit scoring techniques and automated decision making systems
which may take into account any previous applications for finance, defaults or existing debt. The results of this
decision may decide whether We provide You with Our services. If You disagree with the results of an automated
decision, You can request a review of Your application, We may also make periodic searches of credit reference
agencies to manage Your account with Us.
If You would like details of the credit reference agencies from whom We obtain, and to whom We pass, information
about You, please write to Us at the above address, email Us at customerservicespf@closebrothers.com or telephone
Us on 0333 321 8566. More information in respect of the credit reference agencies with whom We share Your
personal data is available at www.experian.co.uk/crain.
13. Information: You must promptly:
(a) provide Us with any information that We may reasonably request from You that is relevant to Our assessment of Your
creditworthiness; and
(b) inform Us without delay of any changes to Your contact details provided.
14. Transfer of rights and obligations: We may transfer all or any of Our rights and obligations under this Agreement to
any person, provided that We reasonably believe such transfer will not prejudice Your rights. You may not assign or
transfer Your rights or obligations under this Agreement without Our consent.
15. No waiver: Any failure by Us (whether continued or not) to insist upon strict compliance with any of the terms of this
Agreement will not affect Our ability to exercise Our rights in the future.
16. Governing law: This Agreement and any non contractual obligations arising out of or in connection with it are
governed by English law and both You and We submit to the non-exclusive jurisdiction of the English courts in
relation to any dispute in connection with this Agreement.
Important information
17. Right to repay early: You have the right under the CCA to repay amounts that You have borrowed under this
Agreement early in full or in part. If You wish to repay any amount early You must give Us notice by one of
the following methods: (i) by telephone on 0333 321 8566; (ii) by email to customerservicespf@closebrothers.com or
(iii) by post or delivery of the notice to the above address. If You do repay an amount early, We may recalculate the
minimum monthly payment to ensure that drawings are repaid over the time period originally agreed with You.
18. Right of action: You may be entitled to take action against the insurer under a Relevant Policy, the Broker or Us if
You have received unsatisfactory services paid for under this Agreement costing more than £100 and not more
than £30,000. If the value of the services is more than £30,000 and less than £60,260 You are entitled to take action
against Us if You are unable to obtain redress from the insurer or the Broker.
19. Consumer Credit Act: If You are a company or a partnership consisting of four or more persons, You will not benefit
from protections under the CCA or the Consumer Credit Sourcebook of the Financial Conduct Authority.
20. Complaints and requesting information: If You would like to make a complaint about Our services, in the first
instance, and to allow Us to resolve any problems, please telephone Us on 0333 321 8566, email Us at
complaintspf@closebrothers.com or write to Us at the address at the top of the front page. Our complaints handling
procedures can be obtained using any of the above details. If You feel the complaint has not been satisfactorily
resolved then, if You are not a business debtor, You have a right to complain to the Financial Ombudsman Service. If
You are a business debtor, You may have a right to complain to the Financial Ombudsman Service. The Financial
Ombudsman can be contacted on 0800 023 4567, or by writing to The Financial Ombudsman Service, Exchange
Tower, London E14 9SR or by email to complaint.info@financial-ombudsman.org.uk or via their website at
www.financial-ombudsman.org.uk. You may ask for a copy of the information We hold about You by writing to
Information Requests at the address at the top of the front page.
21. Regulator: Financial Conduct Authority, 12 Endeavour Square, London E20 1JN
R_PL_CS_STD_CA_A_B_0523
Pre-Contract Credit Information
1. Contact details
Creditor Close Brothers Limited trading as Close Brothers Premium Finance
Address Wimbledon Bridge House, 1 Hartfield Road, London, SW19 3RU
Credit intermediary Carole Nash Insurance Consultants Ltd
Address Trafalgar House, 110 Manchester Road, Altrincham, Cheshire, WA14 1NU
2. Key features of the credit product
The type of credit Running account
The total amount of credit At the date of the credit agreement (the "Agreement") the credit
limit will be £650.00.
This means the amount of credit to be provided under the You may be able to make further drawdowns of credit (for
proposed credit agreement or the credit limit example, to finance renewals of your insurance policy or changes
to the premium of your insurance policy) as the credit limit which
we’ve set may be varied. It may be suspended by us as
necessary. You’ll be given advance notice of any changes to the
credit limit.
How and when credit would be provided Credit will be provided to finance the purchase of insurance
policies (each a "Relevant Policy") and associated charges.
Payment will be made direct to the broker or the insurance
company in relation to the Relevant Policy.
The duration of the credit agreement The Agreement has no fixed or minimum duration.
Repayments You must make a minimum monthly payment to us each month in
respect of each drawing while you owe money under the
Agreement (together with any associated interest and charges)
before the expiry of the Relevant Policy it finances.
Each drawing under the Agreement will be repayable in
instalments, each of which will be an equal proportion of the total
amount you must pay in respect of that drawing (as set out in the
box below) less the amount of any facility fee and less any credit
arrangement fee you may have been charged by your broker
(unless this has been financed by us and included in the amount
of the drawing).
Each minimum monthly payment will consist of a single
instalment, except that the first minimum monthly payment may
include two or more instalments, depending on the policy start
date and the credit agreement start date. The first minimum
monthly payment will also include any facility fee. The first
drawing under the Agreement will be repayable in six instalments.
The total amount you will have to pay The total amount you must pay us in respect of your first drawing
of £412.15 is £461.61. This amount includes any credit
This means the amount you've borrowed plus interest and arrangement fee you may have been charged by your broker.
other costs
The proposed credit will be linked to the supply of specific The proposed credit will be linked to the purchase of a Relevant
goods or the provision of service Policy or Policies.
Description of services The cash price of the Relevant Policy and any associated
Cash price charges to be financed by the first drawing is £463.09.
Security required The insurance policy that we have financed is our security under
This is a description of the security to be provided by you in the credit agreement.
relation to the credit agreement
3. Costs of the credit
The rates of interest which apply to the credit agreement The flat rate interest charge on the first drawing under the
Agreement will be 12.00%.
This is equivalent to an annual rate of interest of 14.40%,
assuming that the drawing is repaid in 11 instalments starting on
the first date when the facility is available.
We may notify you to vary the flat rate interest charge and the
annual rate of interest.
Annual Percentage Rate of Charge (APR) The APR will be 28.82%.
This is the total cost shown as an annual percentage of
the total amount of credit
The APR is there to help you compare different offers
UK Pre-Contract Credit Information-07/23-V6
Related costs
Any other costs deriving from the credit agreement
Conditions under which the above charges can be changed
Costs in the case of late payments
Consequences of missing payments
4. Other important legal aspects
Right of withdrawal
Early repayment
Consultation with a Credit Reference Agency
Right to a draft credit agreement
5. Additional information in the case of distance marketing of financial services
(a) concerning the creditor
Registration number
The supervisory authority
(b) concerning the credit agreement
The law used by the creditor as a basis for the relationship
with you before the conclusion of the credit agreement
The law applicable to the credit agreement and/or the
competent court
Language to be used in connection with the credit agreement
(c) concerning redress
Access to out-of-court complaint and redress mechanism
We may charge:
A facility fee each time you make a new drawing or increase the
amount of a drawing to finance an increase in the insurance
premium. The facility fee for the first drawing under the
agreement will be £0.00. A £25.00 fee if you ask to move back
the due date for any minimum monthly payment by more than 7
days. A fee where of £0.00 if we end the agreement after an
event of default for each drawing. A fee for any reasonable costs
we incur in responding to and dealing with your enquiries. Your
broker may have charged a credit agreement fee of £0.00 for the
arrangement of the first drawing under the agreement.
You may be charged a credit agreement fee each time you make
a new drawing or increase the amount of a drawing to finance an
increase in the insurance premium.
You’ll have to pay £25.00 if we don't receive any minimum
monthly payment on time. We may also charge you interest at the
annual rate of interest applicable to the relevant drawing on any
amount you fail to pay us on time.
It’s important to make sure you make your payments on time.
If you miss a payment you’ll have extra charges, your credit
record may be affected, and you may find it harder to borrow
again from us or another lender. We may take steps to have the
Relevant Policy or Policies terminated. We may also take legal
action against you.
You have the right to withdraw from the agreement without giving
any reason before the end of 14 days.
The 14-day cancellation period begins either:
1. on the date on which you sign the Agreement (if you are
signing a copy of the Agreement already signed by us); or.
2. on the date on which you receive a copy of the Agreement
signed by both you and us (if you previously signed a copy of the
Agreement which had not yet been signed by us).
You have the right to repay the credit early in full or in part at any
time.
If we decide not to proceed with an Agreement on the basis of
information from a credit reference agency we will inform you of
this and of the particulars of that agency.
You have the right, on request, to obtain a copy of the draft
agreement free of charge.
Company registration number 195626
Financial Services Register number 124750
Authorised by the Prudential Regulation Authority and regulated
by the Financial Conduct Authority and the Prudential Regulation
Authority
English law
English law and subject to the non-exclusive jurisdiction of the
English courts.
English.
Any complaint should be directed to us in the first instance. You
can contact us:
By telephone on 0333 321 8566,Monday to Friday 8:30am-6pm
By email complaintspf@closebrothers.com
In writing to Close Brothers Limited trading as Close Brothers
Premium Finance,Wimbledon Bridge House, 1 Hartfield Road,
London, SW19 3RU
If you’re unhappy with any response, you can contact the
Financial Ombudsman Service:
By writing The Financial Ombudsman Service, Exchange Tower,
London E14 9SR
By telephone on 0800 023 4567
By email complaint.info@financial-ombudsman.org.uk
You can learn more about the Financial Ombudsman Service on
their website www.financial-ombudsman.org.uk
UK Pre-Contract Credit Information-07/23-V6