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A concrete example

In relation to consumer loans, European norms have set down minimum laws, and for this reason, each state has established specific legislation which creates non uniform regulation which is, at times, discordant within the European Union.

The diversity of national rights creates confusion. Nevertheless, to obtain a loan, consumers(and especially when they are in a position of weakness) need to know all the aspects and conditions of the operation and can thus decide with prior knowledge.

It is necessary to take into account the fact that a consumer loan is a very important operation, it involves a lot of money and carries with it future financial consequences for the family.



		A concrete example In relation to consumer loans, European norms have set down minimum laws, and for this reason, each state has established specific legislation which creates non uniform regulation which is, at times, discordant within the European Union. The diversity of national rights creates confusion. Nevertheless, to obtain a loan, consumers(and especially when they are in a position of weakness) need to know all the aspects and conditions of the operation and can thus decide with prior knowledge. It is necessary to take into account the fact that a consumer loan is a very important operation, it involves a lot of money and carries with it future financial consequences for the family.
	There is a lack of co-ordinating laws on consumer credits Differences depending on the purpose of the credit that is required Problems caused by the language, discrimination or unscrupulous people