Contributor: Tom Wilcox, Solicitor, Consumer Action Law Centre
The provision of credit plays an important part in our modern lives. Whether supplying us with credit cards, lending us money to buy a car or a house, or supplying a product or service prior to receiving payment (e.g. electricity, phone), many of us rely on credit to acquire the things we need in our everyday lives.
This section provides information that is useful to be aware of when dealing with the credit industry, including what information should be included in a credit contract; what facts the credit provider must disclose to a borrower before a credit contract is entered into; and information about personal credit files and credit reporting.
This section includes the following topics:
- Introduction and key legislation
- National credit reform
- What is a credit contract?
- Before you enter a credit contract
- Disclosure before entering a contract
- What information should be in a credit contract?
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