Credit Protection Law

Credit Protection Law, as part of Consumer Protection Law, safeguards consumers in their financial transactions and borrowing. It ensures that lenders provide clear information about loan terms, interest rates, and fees, helping consumers make informed choices. The law also protects individuals from unfair practices, such as usury or deceptive advertising. In cases of fraud or unauthorized charges, it offers mechanisms for consumers to dispute claims and seek redress. Ultimately, Credit Protection Law aims to create a fair and transparent borrowing environment, empowering consumers to manage their finances responsibly while minimizing risks associated with credit.