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Friday, 30 July 2010
     
Guide » Credit Cards

Credit card agreements (Consumer Credit Act)

Credit card agreements are governed by the Consumer Credit Act of 1974. This Act licenses Credit card providers and in return requires that they represent all their costs in the agreement in clear and easy to understand terms. The terms and conditions of all credit card agreements are laid out by the providers in their policy. Thorough reading of this avoids misunderstandings, which can have an expensive price.


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