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Consumer Credit Act 1995

  • 12-11-2009 1:52pm
    #1
    MonicaBing
    Registered Users, Registered Users 2 Posts: 611 ✭✭✭


    Hi guys can anyone give me an example on how the above statute helps the consumer? I need to brealk it down into simple english for my son and im drawing a blank as to how to it? He's 15 and learning it in Business, thanks for any help!


Comments

  • #2
    jimoc
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭jimoc


    As far as I'm aware, it makes it incumbent on the provider of the credit to outline exactly what it is you are signing up for.
    We keep getting letters from Oxendales about this and what they sent us is a document which specifically outlines exactly what our credit terms are and how we are expected to pay them, with all extra charges outlined in seperate sections.

    It also has a big 'THIS IS A HIGH COST LOAN' box so that you know you're selling your soul.

    I think thats about all it does for us.


  • #3
    PacManFan
    Registered Users, Registered Users 2 Posts: 86 ✭✭PacManFan


    Does this help?

    Citizen Information


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