The tradition of credit is long been in existence. It is just the way of borrowing and lending has changed with time. In the former times, people took credit by keeping a mortgage and by paying interest on the principal amount. Later on, things changed with the birth of credit cards. Credit cards changed the definition of loans. Many people opted for this medium, as they thought that it is secure and safe. Moreover, taking loans became easy and quick. As loans were offered by legitimate financial institutions and banks, people trusted and relied on them to a great extent.
Credit cards and loans have become one of the most important parts of making a payment. They are used to buy anything and everything, from a house to a car, to finance a loan or to pay for education. So, it is better that you learn about your credit rights, rather than being ignorant. Even if you know about them, there are some rights that you may not know about. We have listed the 15 credit rights that you didn’t know you had.