{"id":2431,"date":"2025-04-08T19:45:50","date_gmt":"2025-04-08T17:45:50","guid":{"rendered":"https:\/\/tecemabogados.com\/unfair-revolving-contract-lack-of-transparency-and-consumer-rights\/"},"modified":"2025-04-08T19:45:50","modified_gmt":"2025-04-08T17:45:50","slug":"unfair-revolving-contract-lack-of-transparency-and-consumer-rights","status":"publish","type":"post","link":"https:\/\/tecemabogados.com\/en\/unfair-revolving-contract-lack-of-transparency-and-consumer-rights\/","title":{"rendered":"Unfair revolving contract: Lack of transparency and consumer rights"},"content":{"rendered":"

At Tecem Abogados y Asesores<\/strong><\/a>a leading law firm in Malaga specialized in banking law and consumer protection, we have detected a significant increase in the number of queries related to revolving cards<\/strong> and the contracts that accompany them. Many of these situations hide abusive clauses that seriously compromise the user\u2019s economy. Therefore, we want to help you identify when a contract of this type can be considered void for lack of transparency, and what steps you should follow to claim your rights. <\/p>\n

Revolving credit cards have come under increasing scrutiny in recent years due to the conditions they impose on consumers.<\/span> These cards allow payments to be deferred through monthly installments, but their structure can lead to situations of prolonged indebtedness if they are not properly managed.<\/span> The lack of transparency in the information provided by financial institutions at the time of contracting has been a key factor for the courts to consider these contracts abusive.<\/span><\/p>\n

What is a revolving card?<\/strong><\/p>\n

A revolving card is a type of credit card that offers a revolving line of credit.<\/span> The holder can make purchases or cash withdrawals up to a set limit and repay the money in monthly installments.<\/span> The special feature of these cards is that, as payments are made, the credit is restored, allowing for new withdrawals.<\/span> However, the interest charged is usually high, and if the monthly installments are low, a large part of the payment goes to cover interest, leaving the principal almost untouched.<\/span> This can generate a spiral of debt that is difficult to pay off.<\/span><\/p>\n

Lack of transparency in revolving contracts<\/strong><\/p>\n

Transparency is essential in any financial contract.<\/span> In the case of revolving cards, the lack of clarity in the information provided to the consumer can lead to the consumer not fully understanding the implications of the credit they are contracting.<\/span> The main deficiencies in the transparency of these contracts include.<\/span><\/p>\n