What Is Premium Credit Agreement

It is important that you read your credit agreement, as well as the other information contained in your welcome letter/email. To continue financing, please sign a copy of your credit agreement and send it back to us. It is important that the loan agreement is signed. A $10 fee can be collected if the contract is not signed and returned to PCL within the specified period. Full details of the agreement are provided by PCL as part of the implementation of the contract. We use PCL only to provide funds to endsleigh customers. We can receive a commission for the introduction of customers. Please note that not all of the information we provide is personal advice or recommendations. Your personal data and the bank details you provide will be sent to them and they will contact you by mail, email or text.

The balance is subject to status and you can use a credit reference agency that leaves a search record or other information about you to perform credit and money laundering audits. PCL can also conduct credit assessments based on an earlier payment history than you may have had with them. A $10 fee is levied on premium credits if they do not receive your signed credit contract until the date indicated in your welcome letters and emails (usually 28 days from the receipt of the agreement). Please take note of this to check your deadline. The $10 fee reflects the cost of premium credit if you are reminded to return the credit contract. Endsleigh`s expertise lies in the organization of insurance policies; we are not a premium finance company and therefore do not have a “credit licence” from the Financial Conduct Authority. This means that we cannot provide financing to facilitate a debit plan, which is why we present PCL to our customers. For a better description, PCL is “The Lender,” while Endsleigh acts as a “credit broker.” Your credit sets out the details of your current account credit agreement with us.

This is necessary to finance your insurance premium so that you can pay it monthly. It is governed by the Consumer Credit Act 1974. The easiest way to sign the credit contract is online.

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