The European Commission recently launched a campaign in Cyprus with the slogan ‘ Need credit? Don’t just sign. You have rights’ . The target of the campaign is young adults between the ages of 18 and 35 years and the purpose is to teach people their rights before they sign credit agreements. Neven Mimica, European Commissioner for Consumer Policy, stressed the impact that financial decisions have on the lives of people. He said: “ We want to empower consumers to choose the right credit product and avoid debt, but to achieve this we first need to make them aware of their rights .” The campaign aimed to familiarize the people with five basic rights they have: the right to transparent advertising; the right to receive standardised and comparable information before signing a contract; the right to clear information in the contract; the right to withdraw from an agreement within 14 days without explanation; the right to repay early. All these rights are stemming from the Consumer Credit Directive (CDD) applicable throughout the entire European Union, though 70% of interviewed people in Cyprus showed that they do not know their rights and 50% do not feel confident to choose the right product for them. This campaign will continue throughout February and will cover also Malta, Ireland and Spain.