Credit card purchases between £100 and £30,000 are covered by Section 75 of the Consumer Credit Act, which makes the card issuer jointly liable if a service or product is not delivered and the retailer fails to offer redress. This is valuable if the company goes into adminstration, as recently happened to Debenhams and Laura Ashley, and travel companies Thomas Cook and Flybe.
Yet almost three out of 10 do not realise they have Section 75 protection for credit card purchases, while a similar percentage wrongly think they are protected for PayPal transactions. Section 75 does not apply to debit card purchases either.
This story is from the August 05, 2020 edition of Daily Express.
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This story is from the August 05, 2020 edition of Daily Express.
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