Augusta
VIP Contributor
Hire-purchase is a good way of getting into business or owing a product after a period. So it pertinent to make sure that all relevant processes have been carried out. This is to help you have a smooth landing at the end of the day without issues. You need to consider the following when engaging in a hire purchase
- Make sure every agreement is in a written form
- Have one or two witnesses; if possible also append their signatures
- Whenever you make a payment, don’t be in haste. Be sure it was duly registered
- Have a copy of your payment records as well. To help you sort out any differences in the future
- Very importantly make all efforts to finish your payment at the stated time