What types of consumer credit are available?
consumer credit credit problems What types of consumer credit are available? There at least three basic types of consumer credit: Noninstallment credit is the simplest form of credit and is usually...
View ArticleWhat is APR?
apr credit problems What is APR? APR is the acronym for annual percentage rate. The APR is a reference to a federally required calculation of the yearly cost of a loan that includes interest rates and...
View ArticleWhat is the difference between a fixed and a variable interest rate?
fixed variable credit problems What is the difference between a fixed and a variable interest rate? A fixed interest rate means that the rate of the finance charge does not change throughout the...
View ArticleCan I avoid a finance charge on some forms of credit?
finance charge credit problems Can I avoid a finance charge on some forms of credit? Yes. Many credit cards enable you to pay the entire outstanding credit amount within a certain time period without...
View ArticleMy credit report is really messed up right now. I’ve heard about companies...
companies credit credit problems My credit report is really messed up right now. I’ve heard about companies that can help me to fix it quickly. Does this really work? There are indeed legitimate...
View ArticleWhat is the Fair Credit Reporting Act?
fair credit credit problems What is the Fair Credit Reporting Act? The Fair Credit Reporting Act (FCRA) is a federal law that regulates the activities of credit reporting bureaus. Private credit...
View ArticleI owe money to a company that filed for bankruptcy. Do I have to pay?
owe-money-to-bankrupt-company credit problems I owe money to a company that filed for bankruptcy. Do I have to pay? Yes. If you do not, you may be contacted by the Trustee, the debtor company, a...
View ArticleWhat is the Fair Debt Collection Practices Act?
debt collection credit problems What is the Fair Debt Collection Practices Act? The Fair Debt Collection Practices Act is federal law that regulates the activities of those who collect debts from...
View ArticleWhat actions must a creditor take in a bankruptcy case?
usually happens creditor rights What actions must a creditor take in a bankruptcy case? The most common participation by a creditor in a consumer bankruptcy case is to file a proof of claim and share...
View ArticleWhat rights and remedies does a creditor have in the bankruptcy case?
remedies rights creditor rights What rights and remedies does a creditor have in the bankruptcy case? A creditor has the basic right to receive a fair share of your non-exempt assets in a Chapter 7...
View Article
