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Credit and the Law
Six more quick questions.
Answer the following questions. Submit in the text box below or submit as a word document.
- Identify some government laws that protect consumers.
- What three things are creditors required to tell consumers under the Consumer Credit Protection Act?
- What are the only three reasons a person can be denied credit according to the Equal Credit Opportunity Act?
- What are some credit problems that a debtor might face?
- List some precautions to take to avoid identity theft.
- What effect does declaring bankruptcy have?