In addition, the agreements it has concluded shall be considered inapplicable unless the Director General intervenes directly.  In this case, a notification of your rights of withdrawal must be included in the copy of the credit agreement and sent by post or e-mail within seven days. Consumer credit in the UK is governed by the Consumer Credit Act 1974 (amended in 2006), the Financial Services and Markets Act 2000 and various rules for implementing European Union consumer credit legislation. Part III of the Act applies directly to ancillary credit businesses that require a licence. As with standard credit agreements, agreements entered into by an unlicensed trader can only be enforced against the other party if the Director General of Fair Trade adopts an injunction that applies to the contract. .