Credit and the Law

Business Finance

Six more quick questions.

Answer the following questions. Submit in the text box below or submit as a word document.

  1. Identify some government laws that protect consumers.
  2. What three things are creditors required to tell consumers under the Consumer Credit Protection Act?
  3. What are the only three reasons a person can be denied credit according to the Equal Credit Opportunity Act?
  4. What are some credit problems that a debtor might face?
  5. List some precautions to take to avoid identity theft.
  6. What effect does declaring bankruptcy have?