Consumer credit

Consumers are entitled to information about their credit agreements and the conditions under which they were provided. By keeping the documents for a certain period of time, consumers can request this information from the financial institution and check that the contracts have been executed correctly.

In addition, consumer credit documents can be used to resolve disputes between the lender and the consumer. For example, if there is a dispute about the payments or the terms of a credit agreement, the documents can serve as evidence to resolve the dispute.

Finally, these documents have an important function for the lender himself. By keeping the documents, the lender can protect his own interests and prove that the credit agreement has been properly issued and executed.