Consumer credit
Credit provided to individuals for personal purposes and regulated, where applicable, by consumer credit law.
Related terms
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Consumer-credit legislation
The body of laws and regulations governing credit provided to consumers, including disclosure, conduct and enforcement requirements.
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Consumer Credit Act 1974
Key UK legislation regulating many forms of consumer credit and setting requirements around agreements, notices and enforcement.
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Default notice
A formal notice required in certain regulated credit agreements before a creditor can take specified enforcement steps.
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