CONSUMER POLICY

Thanks to the European Commission-funded interactive platform for consumer education ConsumerClassroom.eu, consumers can start learning their rights from an early age.

The platform provides high quality teaching resources and interactive tools which would help 12- to 18-year olds obtain valuable knowledge and get practical consumer skills. It also encourages cooperation among students across the European Union through a challenging Interschool Competition.

With costs piling up at the beginning of the new school year, many people are thinking of taking out a consumer credit to meet the need for extra cash. To be on the safe side, before going to your bank, have a look at the list of your most important rights:

• You have the right to transparent advertising
• You have the right to receive answers to all your questions before signing a contract
• You have the right to clear information in the contract
• You have the right to a 14-day cooling off period once you have signed the contract
• You have the right to an early repay

To make sure you are a consumer credit expert, you are welcome to quickly take the European Commission's Consumer Credit knowledge test.