Before a client comes into right into a credit contract, the financial institution must make provision for specific pre-contractual information, including:
- an ‘adequate description’ of numerous certain options that come with the credit contract, to be able to place the client able to evaluate perhaps the contract matches their demands and financial predicament;
- the conventional Consumer that is european Credit, which contains detailed information concerning the credit contract; and
- a synopsis package, built to lay out key information on the bank card item in a straightforward, standard structure, to make it simple for clients to know and compare charge cards.