Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-16-Speech-3-131"
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"en.20080116.9.3-131"2
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"Madam President, I have voted for the Council common position, which was amended by the Kurt Lechner report.
After more than six years of legislative work, the directive on consumer credit agreements is a significant step forward in the protection of contractual freedom and encourages responsible decision-making by consumers. It is necessary to bear in mind that a large number of regulations does not automatically mean greater consumer protection. A deluge of information can cause greater confusion precisely in the case of an inexperienced consumer and the objective of simplicity and transparency is missed. In addition, it entails higher costs, which are in the end passed on to the consumer.
In spite of continuing interest in buying on credit and in spite of the use of consumer credit products, very few consumers are aware of the risks connected with consumer credit, for example that in the event of illness or loss of job they might not be able to pay. I believe that this directive will help consumers to make the correct decisions on the basis of a quick and simple process of being able to compare more offers from domestic, as well as foreign, providers."@en1
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