borrowers' rights

Borrowers' rights are the legal protections that individuals have when taking out loans. These rights ensure that lenders provide clear information about loan terms, including interest rates and fees. Borrowers have the right to receive fairness in lending practices, to not be discriminated against, and to express concerns or complaints. They also have the right to access their credit report and dispute inaccuracies. If facing repayment issues, borrowers can often negotiate terms or seek assistance. Understanding these rights helps borrowers make informed decisions and protect themselves from unfair practices.