1) credit cards issued by retail establishments (for examplecc shop, Department stores)

2) and General purpose credit cards issued by banks.

A credit card is essentially like an unsecured consumer loan: the customer does not need to provide the property as collateral to the lender as a guarantee that the loan will be paid. At the same time, the amount of credit provided to the client is significantly lower compared to a mortgage loan or a consumer loan. However, if the loan is not repaidfullz card, a lawsuit will be filed against the client, and the interest will continue to accumulate. As a result, the client becomes the owner of a negative credit history, which will dramatically reduce the possibility of obtaining any credit in the future.

To avoid fraud when applying for a loan, follow these tips:

Before you sign a contract, you need to carefully study it, not forgetting about the text written in small printfeshop.

You should check the terms of the loan (the rate, term, schedule, and amount of payments) with Bank specialists.

All documentation relating to the loan must be kept for 3 years from the date of repaymentrescator.

After making the last payment, you must issue a certificate of debt repayment in the Bank.