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CPC: Unfair commercial practices are applied by companies for quick loans

Data on the annual percentage rate of costs, interest rates, repayment plans and fees are missing

Май 12, 2025 16:18 213

The Consumer Protection Commission has identified new unfair commercial practices related to companies for quick loans, BNR reported.

The Commission believes that such behavior violates the good faith and professional competence expected of traders in their relations with consumers.

After an inspection of the website, it was found that a company presents its credit products in a way that conceals key elements of the price of the loan.

Data on the annual percentage rate of costs, interest rates, repayment plans and fees are missing.

In other cases, after complaints have been filed, the CPC has identified aggressive commercial practices. Company employees have exercised systematic verbal pressure through threatening messages, including statements about future visits to the address, garnishments of maternity income, and other actions aimed at forcing the repayment of debts or the conclusion of a new loan agreement or refinancing.