A. No. You do not have to take out any insurance.
Frequently Asked Questions
Q. Is Security required?
A. No. Your contract does not involve a mortgage.
Q. Can I pay my credit contract out early?
A. Yes. Contact Money Centre and the amount required to pay out your credit contract on the day you wish to end your contract will be provided. Please note that this will include the full amount borrowed plus fees and charges incurred up to that date.
Q. How can I find out the pay out figure?
A. You can write or email to Money Centre at any time and ask for a statement of the pay out figure as at any date you specify. You can also ask for details of how the amount is made up. You may be charged a fee for the statement.
Q. Is there anything I can do if I think that my contract is unjust?
A. Yes. You should first ring or email Money Centre. And discuss the matter and see if you can come to some arrangement. Money Centre has an Internal Dispute Resolution Scheme in place. If not satisfied with this. You can contact the External Dispute Resolution Scheme that Money Centre subscribes to. If that is not successful you could apply to the court. Contact your state Department, or Office of Fair Trading/Consumer Affairs, or get legal advice.