Protecting consumer rights when signing bank credit contracts

Abstract

Bank credit contracts have been growing widely and increasing rapidly in number; however, it is causing many issues related to ensuring consumer rights when signing credit contracts. Within the scope of this article, the authors focus on analyzing the status of consumer rights guarantee when signing credit contracts, including three issues: i. sign pre-made loan contracts; ii, loan interest rate and iii, breach of contract. From there, the authors propose solutions to ensure the rights of consumers when signing bank credit contracts.