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Credit and the Law

27.1 and 27.2 Madi Gordon

QuestionAnswer
A law restricting the amount of interest that can be charged for credit. Usury Law
A record of an individual's past borrowing and repayments. Credit Report
A person or business that collects payments for overdue bills. Collection Agent
Occurs when someone steals another person's financial information with the intention of committing fraud under that person's identity. Identity theft
Helps people work out a plan for getting out of debt. Credit counselor
combines a consumer's debts into one loan with lower payments. Consolidation loan
a legal process in which a borrower is relieved of debts after showing an inability to pay. bankruptcy
Covering completely or broadly Comprehensive
In addition to Plus
Something produced by mistake Error
Get rid of Remove
To pretend to be someone else. Pose
to bring back to or to put back into former or original state. Restore
Including everything Overall
A step, stage, or situtation viewed as part of a process or series of events. Instances
Created by: madilyn_gordon