Credit card
The Consumer Protection Act
stipulates that no-one may issue a credit card in your name unless you have applied for one in writing beforehand. A merchant may not renew your credit card if you have advised him that you wish to cancel it or increase your credit limit unless you expressly asked him to.
Check your monthly statement carefully. If you find any errors, contact the credit card company in writing immediately. Within 60 days of the date your notice is sent, it must make the correction or provide you with the necessary explanations. If it does not, it forfeits the right to claim the amount indicated in your notice as well as any related credit charges.
Credit charges are calculated not in advance, but on a day-to-day basis, on the amount that was unpaid on the date of the previous payment. This method has the advantage that you avoid paying additional charges if you repay your debt before the deadline. You always have the right to repay all or part of the amount owing by the deadline. You pay only the accrued interest.
The credit rate and charges may not be increased unless both parties sign a new contract. For contracts extending variable credit, the merchant may increase the annual and/or renewal fees and credit rate without signing a new contract but simply by informing the consumer at least 30 days before the date the increase takes effect.
Should you lose your credit card or it be stolen, you must advise the credit card company immediately. As soon as you do, you are no longer liable for the debt resulting from the card's use by the person who stole it or found it. Even if you forgot to advise the credit card company, your liability is limited to $50. Finally, never give your credit card number without having first ensured the reliability of the company asking you for this information.