These are very interesting documents because, as a matter of industry standard, they seem to attempt to include personal guarantees within credit application forms and have been doing so for more than 30 years. There are generally multiple opportunities for contesting these and, unfortunately, too many people try and contest the wrong things.
Sometimes a personal guarantee is not part of a credit application form and these cases are treated differently. If this is the case, read “Other Trade Suppliers” below. If not defended properly when proceeding to court, the builders’ merchants will quite often win just because they usually have someone at the court arguing these cases day in, day out. So it is important to set out the right argument in the first instance. Contact us now to help establish a strong, robust response, clearly setting out the real reasons why will lead to a preferential conclusion.