Tag: Protections
New protections for “Buy now, pay later” customers.
Customers using ‘buy now, pay later’ loans will benefit from greater protections from this summer, when these schemes are first regulated by the Financial Conduct Authority. The new protections are designed to raise consumer awareness of these loans and prevent irresponsible lending practices. So-called “BNPL” schemes have become increasingly popular in PakarPBN A Private Blog…
Read MoreSection 75: Credit Card Protections Explained
Did you know that if you’re buying something that costs between £100 and £30,000, you might have more protection if you put it on a credit card instead of paying for it another way? Thanks to a handy piece of legislation called Section 75 of the Consumer Credit Act, individual credit card purchases satisfy certain…
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