Chapter 18 Section 4 by Leigha Bales https://padlet.com/leigha_bales/84255wkm2oxx en-us 2019-04-01 17:25:58 UTC 2019-04-03 16:49:38 UTC hello@padlet.com Truth-in-Lending Lae leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347304486 -Truth-in-Lending Law of 1968
-requires that you be told the cost of credit before signing an agreement. 
-The law limits your ability to $50 for unauthorized credit card purchases made prior to notifying the card issuer]]> 2019-04-01 17:26:52 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347304486 Equal Credit Opportunity Act leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347306533 -prohibits creditors from denying a person credit because of age, race, sex, or marital status ]]> 2019-04-01 17:30:26 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347306533 Fair Credit Billing Act leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347307411 -requires prompt correction of billing mistakes. To get a correction of any error, you must notify the creditor in writing within 60 days after your statement was mailed. ]]> 2019-04-01 17:31:52 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347307411 Fair Credit Reporting Act leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347308469 -Is the law that gives consumers the right to know what information credit bureaus are giving to potential creditors, employers, and issuers. ]]> 2019-04-01 17:33:35 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347308469 Consumer Credit Reporting Reform Act leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347309096 -places the burden of proof for accurate credit information on the credit reporting agencies rather than on you.]]> 2019-04-01 17:34:33 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347309096 Fair Debt Collections Act leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347312215 -A debt collection agency attempts to obtain money that is past de
-this act requires that ebt collectors treat you fairly ]]> 2019-04-01 17:39:50 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347312215 Credit Problems and Assistance leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347312772 -A person who cannot pay his or her bills when they are due might take these four steps
1.) contact creditors and explain the situation 
2.) Make a realistic proposal for when you can pay. Don't just say that you can pay it 
3.)Keep an promises you make 
4.)Make a written copy of your agreement to avoid disagreements later 

]]> 2019-04-01 17:40:55 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347312772 Credit Counseling leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347314036 -A credit counselor discusses and suggests actions to take to reduce spending and eliminate credit difficulties. ]]> 2019-04-01 17:43:06 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347314036 Bankruptcy leigha_bales https://padlet.com/leigha_bales/84255wkm2oxx/wish/347314523 -They should use this final option only for extreme situations.
 -Bankruptcy is the legal process of reducing or eliminating an amount owned. 

]]> 2019-04-01 17:44:08 UTC https://padlet.com/leigha_bales/84255wkm2oxx/wish/347314523