In addition to these rights, consumers can also make claims against both the supplier and the credit provider for faulty goods costing between £100 and £30,000.

They compete to sell the information to retailers, banks, mortgage companies and other credit providers.

By 2008 it was deployed to similar institutions worldwide, running at 9 out of the 10 top credit derivative providers.

African businesses apply for a loan at a local credit provider, partnering with MYC4.

This makes the credit provider jointly liable for anything you buy, provided it costs between £100 and £30,000.

It therefore had to set collateral at a lower precedence than the collateral which had been already given to other credit providers.

More importantly, it also means that credit providers are under less pressure to keep their prices and offers competitive.

Can this perhaps be traced back to the fact that many credit providers do not possess the necessary training and probity?

The children's charity's report argued that some rent-to-own credit providers make comparisons difficult by not consistently providing the manufacturer model numbers of items.

Banks and other credit providers want to keep customers by having collectors work out a payment plan - courteously.