Some agreements are covered by the Consumer Credit Act, which covers your rights when entering into a credit contract. This implies that if something goes wrong, the lender could be more re-educational as long as: no compensation is due if the repayment was made as part of an insurance contract to provide a credit repayment guarantee or in the event of an overdraft, or if the repayment is made within a period when the tax rate is not set. Section 75 of the Consumer Credit Act provides additional protection for credit card purchases that cost between $100 and $30,000. In summary, future legislation includes access to databases, information and rights relating to credit contracts, annual royalty percentage, registration procedures, the status and control of lenders and intermediaries, enforcement measures and transitional arrangements. If you have a claim for non-compliance or misrepresentation against the supplier of goods or services, section 75 gives you the same right against the creditor. Consumer credit contracts concern, on the one hand, professional lenders and, in some cases, credit intermediaries and, on the other hand, consumers who enter into a consumer credit contract. If the agreement stipulates that payments made by the consumer will not immediately amortize the credit, the contract should clearly state that the credit contract does not guarantee repayment of the total amount of credit under the credit contract, unless such a guarantee is granted. You can then contact the agency or agencies to get a copy of your credit file that they have to provide for 2 euros. They must inform the lender of their intention to repay the loan in writing or on any other sustainable support. In this case, a notification of your withdrawal rights must be included in the copy of the credit contract and sent by mail or email within seven days. The consumer must be informed of the transfer unless the original lender continues to manage the credit contract with the consent of the transferee. In the pre-contract phase, the lender must provide understandable information on the essential characteristics of the credit offered in a timely manner prior to the conclusion of the contract.
This implies, among other things, that the lender or, if so, the credit intermediary must also provide the consumer with sufficient information to enable the consumer to compare the various available credit contracts and determine whether the proposed credit contract corresponds to its needs and financial situation.