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Evening Standard
Evening Standard
Vicky Shaw

Ombudsman highlights credit rule myths that could stop people getting a refund

Section 75 of the Consumer Credit Act 1974 covers purchases made by a credit card, point-of-sale loan or other finance (Tim Goode/PA) - (PA Archive)

Misunderstandings around a key credit rule could hinder consumers’ chances of getting their money back if something goes wrong with a purchase, an ombudsman service is warning.

Each year, the Financial Ombudsman Service (FOS) receives thousands of complaints from consumers who have their claims for reimbursement rejected by their credit provider.

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