Budget accountThe legal positionSpecial featuresChecklist for actionA budget account is a type of revolving credit (see here) provided by shops. The client can spend up to an agreed credit limit and makes regular repayments.The legal positionThis type of account is a regulated credit agreement, provided the credit is for no more than £25,000 (if the agreement was made before 6 April 2008) or £15,000 (if made before 1 May 1998).1s8 CCA 1974 If the agreement was made on or after 6 April 2008, the agreement is regulated regardless of the amount, unless it is exempt (see here). 1 s8 CCA 1974 » Special featuresMany large stores offer budget account facilities, which – by requiring clients to pay a monthly amount even when they have not recently purchased anything – can be a powerful incentive to continue shopping at that store. Instant credit is often available, including interest-free credit (see here) on larger purchases.These debts are non-priority debts (see Chapter 9). Checklist for actionAdvisers should take the following action.•Check liability, including the enforceability of the agreement under the Consumer Credit Act 1974.•Assist the client to choose a strategy from Chapter 9, as this is a non-priority debt.