art_8__para_7

7. Member States shall prohibit advertising for credit products which: encourages consumers to seek credit by suggesting that credit would improve the financial situation of those consumers; specifies that outstanding credit agreements or registered credit in databases have little or no influence on the assessment of a credit application; falsely suggests that credit leads to an increase in financial resources, constitutes a substitute for savings or can raise a consumer’s living standards.

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Source: EUR-Lex CELLAR · retrieved 2026-07-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.