kreditaftaleloven: what does it mean in Danish debt collection?
kreditaftaleloven in English: the Credit Agreements Act
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
The Act on credit to consumers, which can apply to instalment plans with costs.
Explanation
The Act protects consumers who are given credit, for example with requirements on information and on what the agreement contains. If you offer a consumer an instalment plan with interest or fees added, the Act may apply. The rules are detailed, so get advice before you offer such plans.
Read more
Article: Instalment plans
Related terms
- afdragsordning instalment plan
- konkurs, konkursbo, kurator bankruptcy, bankruptcy estate, trustee
- kreditforsikring credit insurance
- kompensationsbeløb fixed compensation
Need help with a claim?
Through InkassoHurtig you can get no-obligation quotes from police-authorised debt collection agencies and lawyers. InkassoHurtig is not a debt collection agency itself.
Get no-obligation quotes