By means of contrast, the Mortgage Credit Directive lays down certain guidelines built to limit some cross-selling techniques.

By means of contrast, the Mortgage Credit Directive lays down certain guidelines built to limit some cross-selling techniques.

Cross-Selling

While cross-selling, whereby a credit rating item comes along with payment security insurance coverage or any other monetary item, happens to be defined as one of several significant reasons of consumer detriment in the European credit rating areas, the 2008 credit rating Directive doesn’t comprehensively cope with this practice. The directive just requires that, where in fact the customer is obliged to buy insurance coverage in purchase to get credit, the expense of these an insurance plan should always be within the total price of credit (this is certainly, APRC) made to help customers compare various provides. (mehr …)

Weiterlesen By means of contrast, the Mortgage Credit Directive lays down certain guidelines built to limit some cross-selling techniques.