Abstract:

Tied credit agreements are agreements made by the consumer exclusively to finance certain goods or services. In a tied credit relationship, the consumer makes two contracts. Firstly, the contract is made with the seller/supplier and secondly with the lender. In the tied credit relationship, there is an objective economic unity between these contracts made by the consumer. The main feature that distinguishes a tied loan contract from a regular loan contract is that the consumer can use the loan contract only for the supply of certain goods or services. In this sense, there is no restriction against the consumer in the ordinary loan agreement. For this reason, the Legislator has foreseen some provisions that protect the consumer in the contracts made by the consumer, who is the weak party of the contract, with both the seller and the creditor. If the consumer exercises his right to withdraw from the contract or reduce the price as a result of the seller or supplier not performing the goods or services at all or performing them defectively after the contract is made, the creditor becomes jointly liable to the consumer together with the seller.

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