The effort made by the European Union to regulate and harmonize consumer credit legislation has not prevented problems from arising in this sector, despite the low interest rates reached in the Economic and Monetary Union process. Governments used to be interested in cutting housing costs, including the credit, because they have confidence in the inertia of consumer tendency.

The changes to be made to the Consumer Credit Directives, which have been continuously delayed, should bear in mind the burdensome and unfair situation of consumer credit in all the EU, as it has been shown in the “English Language Schools Case” in Spain, or in the “Beauty Parlour Case” in Greece.