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OFFERING OF CREDIT AND KEY INFORMATION ABOUT OUR CHARGES as at February 2015

Description

Charge

Further information

First default and reapplying for a new payment

€13.00

Will be added to amount of the unpaid instalment (e.g. first instalment €120.00 new instalment €133.00)

Second default and reapplying for a new payment

€32.00

Will be added to amount of the unpaid instalment (eg. previous instalment €133.00 new instalment €165.00)

Third default

€00.00

Unless payment is made by an alternative method within 10 days of non-payment, your insurance will be cancelled & we will write to you concerning any outstanding balance

Early Settlement

€13.00

This is an administration charge for change to the original agreement

Change of Bank Account details

€00.00

We currently do not charge for this service

The request and sending of duplicate documents

€00.00

We currently do not charge for this service

 

IMPORTANT INFORMATION

In the event of a Direct Debit not being paid on a due date we reserve the right to charge interest at a rate not exceeding the rate of interest charged under your current agreement, on all sums overdue. We may charge interest from the due date of payment until the payment is received in cleared funds. If we charge interest this will be calculated on a daily basis, and will be payable on demand. If we decide to charge interest, we will inform you in writing with all the relevant details.

Missing or Late Payments

Missing or late payments could have severe consequences, such as, we may cancel your insurance and it may make obtaining credit from Balens Ltd more difficult in the future. If a repayment of an instalment is unpaid we will aim to recollect this instalment after 20 days, this means that the following month you may be paying two instalments in one month.

Early Settlement

Should you wish to settle your account early then you will need to contact us for the relevant figures. The administration charge for this is €13.00.

You have the right to cancel the Direct Debit at any time; however, we recommend that you contact us before doing this to ensure that this does not affect your insurance.

Balens Limited is authorised and regulated by the Financial Conduct Authority (FCA). Our FCA register number is 305787, you may check this on the FCA’s register by visiting the FCA website: www.fca.org.uk or by contacting the FCA on Tel: 00 44 845 6061234. We are an authorised insurance intermediary regulated by the FCA under the Insurance mediation Directive (Directive 2002/92 EC) and have passported the ability to provide insurance mediation service into the Republic of Ireland (ROI). We are also authorised to provide credit facilities in the ROI. In connection with this we are subject to the Irish Consumer Protection Code, the Code of Conduct for Business Lending to Small and Medium Enterprises and the Minimum Competency code, as well as other codes that may be published from time to time (collectively, the “codes”). The codes can be found on the Central Bank’s website www.centralbank.ie