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A law restricting the ________ that can be charged for credit is called a usury law.
Bankruptcy
________ is a legal process in which a borrower is relieved of debts after showing an inability to pay.
FDCPA
The purpose of the ________ is to prevent deception, harassment, and other unfair debt collection practices by collection agents.
Identity theft
________ occurs when someone steals another persons financial information with the intention of committing fraud under that persons identity.
Federal Trade Commission
The ________ is the U.S. agency that enforces credit laws and helps consumers with credit problems and complaints.
Consumers
________ can protect their identities by being careful with the way they handle their credit and ATM cards, checks, and Social Security number.
Consolidation loan
A(n) ________ combines a consumers debts into one loan with lower payments.
In the United States, most credit report information is collected and kept by three credit bureaus
Experian®, Equifax®, and TransUnion®
Note
Flashcard