Fiji Time: 1:50 PM on Monday 27 April

Fiji Times Logo

/ Front page / News

Read before you sign

Avinesh Gopal
Monday, October 29, 2012

DO you know exactly what you are paying for?

And do you know your financial obligations under your credit contract?

If not, then there is a need for you to read your credit contract before signing it.

The failure by many people to properly read, analyse and understand their credit contracts before signing them has left them in a financial mess.

An assessment of complaints lodged with the country's consumer watchdog shows that many people do not understand their rights and responsibilities when borrowing credit or taking goods on credit.

But despite this, the Consumer Council of Fiji says people blindly sign the credit contracts.

In December last year, the council launched the "Read Before You Sign" campaign to allow consumers make informed and wise decisions.

The campaign aims to make consumers aware of their rights and responsibilities before accessing goods and services on credit.

It is telling consumers to read, analyse and understand the credit contract before signing in order to know what they have to do financially.

With the Hindu festival of lights Diwali on November 13 and Christmas in December, the council said the need to focus on the campaign was now more than ever.

Council's chief executive officer Premila Kumar said consumers access goods on credit during the festive season because of tempting advertisements like "zero deposit".

She said people should not blindly sign their credit contracts without understanding them when buying goods on credit during the festive season.

"The campaign hopes to promote and encourage a holistic change in the way consumers borrow and manage their money," said Mrs Kumar.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Children watch senseless beating
  2. Fatal night out
  3. Reddy for talks
  4. The sevens challenge
  5. No discrimination
  6. Church celebrates 25 years
  7. Women take up backyard gardening
  8. Council revives carnival after a lapse of 6 years
  9. Celebrating success
  10. Funds a barrier

Top Stories this Week

  1. The murder of a schoolteacher Tuesday (21 Apr)
  2. Wrong body for burial Thursday (23 Apr)
  3. Hunt for terrorist Thursday (23 Apr)
  4. Unclaimed body laid to rest Tuesday (21 Apr)
  5. Rights over freehold land Wednesday (22 Apr)
  6. Man found unconscious, pronounced dead Sunday (26 Apr)
  7. PM's office receives 1000 complaints Thursday (23 Apr)
  8. Wife wished cancer for hubby Tuesday (21 Apr)
  9. Winner pulls out Tuesday (21 Apr)
  10. Principals fret over school meet Friday (24 Apr)