Credit Management, January 1st, 2005
The High Court ruled that the consumer protection given by section 75 of the Consumer Credit Act 1974 does apply to domestic credit card transactions but that it does not generally apply to overseas transactions.
Section 75 provides that for credit purchases with a cash price above £100 and not more than £30,000 the consumer is entitled to claim from the lender if things go wrong - e.g. if the supplier breaches the contract or if there was misrepresentation.
The application of section 75 to four-party credit card transactions and overseas transactions has long been uncertain. The OFT sough...
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