A Guide: Consumer Credit

  1. Introduction
  2. Advertising
  3. Creditworthiness check
  4. Adequate explanations
  5. Pre-contractual information
  6. Cancellation rights
  7. APR
  8. Complaints about a credit provider

Creditors must make sure that you are provided with a proper explanation of the proposed credit agreement. The explanation is meant to help you make your decision and assess whether or not the proposed agreement is suitable for your needs and financial situation. Such information might include the particular features of the agreement or the cost and the consequences of failing to make payments.