STANDARD EUROPEAN CONSUMER CREDIT INFORMATION
Creditor’s name and contact information
| Creditor |
arvato Finance AS -
www.arvato.no
Org.nr. 994 210 130 Kontor: Tevlingveien 23 Post: Postboks 154 Furuset, 1001 Oslo e-mail: kundeservice@arvato.com Phone:22 87 89 70 |
Description of credit product’s most important features
| Type of credit | Riverty Flex is an account credit that can be used when paying in online stores that offer Riverty Flex as payment method. |
| Total credit amount and terms for use of credit |
NOK ,-.
Riverty flex can be used within the approved credit limit. The limit can be extended upon request. A new credit assessment will be performed before a potentially extended limit. |
| The duration of the credit agreement | Unlimited |
| Installments and order in which the installments are done |
Installments: Minimum payment is 10% of total amount, minimum 100 NOK
Order of installments: Fees, interest, balance. Order is set, and previous item must be paid in full before the next item is started on. |
| Total amount to be paid | Total amount will be specified on account invoice, and will depend on the credit used and how the consumer chooses to part pay. |
Costs of credit
|
Money rate and costs.
Effective interest Total cost of credit presented as a percentage of the total credit amount. |
Riverty Flex (flexible installments/ minimum 10%/100 NOK):
Effective interest (representative example): 5000 NOK, installments over 9 months: Effective interest: 45,09% per year STotal credit cost: 820 NOK. |
||||||
| Insurance policy/additional services | It is not mandatory to obtain an insurance or sign other agreements to receive the credit. | ||||||
| Changes of interest and costs | arvato can choose to adjust the interest up or down at any change of the general interest levels, or following changes to framework agreement, se part 2 bullet 3. Change of interest rate and fees or other credit costs are taken into practice 6 weeks after arvato har sent written notice, see Finansavtalelovens § 50 | ||||||
| Costs of late or missing payment |
Interest on overdue payment will occur in accordance with Norwegian law. For credit with money rate, money rate will be used
instead of penalty interest. Upon reminder and debt collection fees will occur in accordance with Norwegian law,
at 1/10 debt collection rate.
If a collection agency overtakes the claim, additional costs may occur, as debt colelction fees, see inkassoforskriften. Potential forceful recovery can result in further fees and decrease the chances of receiving further credit. |
Other important legal aspects
| Rights of regret | You have the right to regret the credit agreement within 14 days. No costs will apply other than the interest for the time that the credit has been used. |
| Payback before due date | You can pay back all or parts of the credit on any time without extra costs other than what has already been accumulated. |
| Information search in database | Credit assessment is done by checking arvato’s internal systems, and/or external credit assessment agency. If assessment is done via external agency you will be informed about what agency is used, and what credit information has been delivered. This applies regardless of if credit has been approved or not. |
| Right to see credit agreement | You have upon request and without charge the right to have an example of the credit agreement. |
Additional information upon sales of financial services
| Registration | Riverty Norway AS are registered in the Brønnøysundregistrene
Org.nr.994 210 130 |
| For errands regarding disputes |
Upon a dispute, contact:
arvato Finance AS Kundeservice Postboks 154 Furuset 1001 Oslo To take your dispute further, contact Finansklagenemnda Bank, Postboks 53 Skøyen, 0212 Oslo. |
| Governing authority |
Creditor is under government of Finanstilsynet, Postboks 1187 Sentrum,0107 Oslo.
Forbrukerombudet performs supervision to uphold the regulations of Finansavtalelovens chapter 3. |
| Language | Agreement terms and other relevant information is given in Norwegian. |
| Current legislation | Norwegian law is the current legislation for the credit agreement. |
