It seems so many replies here touch on taking personal steps to prevent from being a victim of mis-selling which is fair point. Prevention is better than cure
What I find very intimidating is the level of attack on the victim by some - naive, gullible, "made a mistake", with a hint of "you're stupid and you deserve it, duh it's how this shit works" disdain. Where's the compass. Is it because you want the same right to rip somebody off when you get the chance?
Instead not many have come up with constructive suggestions on how we could address the issues of lack of consumer protection, change the situation for the better or how as a victim, I could seek redress from the mis-selling
@Cwbguy. I think if the comment touches on your "mummy", "wife", "kids" it gets personal alright, however metaphorical it might be
@ MovingIn07. I think the way you demonstrate awareness of the consumer protection situation is quite refreshing. Also I spoke to Consumer Council about cooling off period and learnt that amendment to incorporate this will be this coming summer which is encouraging sign
As for caveat emptor, I don't think it always creates a just environment for consumers who have been wronged. If this is a principle applied to the current law, a change is required