Glossary

CCD (Consumer Credit Directive)

CCD is an EU wide directive which aims to establish common rules on consumer credit across Europe that the UK is required to implement by 1st February 2011. Any regulated purchase product(s) sold after the 27th November 2010, with a balance financed up to and including £60,260 are covered by the CCD. Agreements where the balance financed is in excess of £60,260, are with businesses that have exempted themselves, or are for hire products, remain unaffected.