Category: Unfair Contract Terms and Fees

Understanding Hidden Fees and Penalty Rates Hidden fees and penalty rates are extra charges in debt agreements that are not always clearly explained upfront. These costs can catch borrowers off guard, making it harder to manage repayments and increasing the total amount owed. What Are Hidden Fees and Penalty Rates? Hidden fees are charges added…

Understanding Roll-Over Loans and Auto-Renewal Clauses Roll-over loans and auto-renewal clauses are features sometimes found in credit agreements, especially with payday lenders and short-term credit providers. Understanding how these clauses work – and the risks they pose – can help you avoid getting trapped in cycles of debt. What Are Roll-Over Loans and Auto-Renewal Clauses?…

What Are Unfair Interest Rates and Increases? What Are Unfair Interest Rates and Increases? Unfair or excessive interest rates are charges on loans or credit agreements that go beyond what is reasonable or justified, often placing borrowers at a significant disadvantage. In the UK, the law provides clear definitions and protections to prevent lenders from…