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The purpose of planning and decision making is to
Credit Contract
A legally binding agreement between a borrower and a lender where the borrower is extended a line of credit and agrees to repay the money, subject to agreed terms and conditions.
Garnish Wages
A legal process in which a creditor obtains a court order requiring an employer to withhold a portion of an employee's earnings for the repayment of debt.
Late Charge
A fee assessed for payments made after their due date.
Truth-in-Lending Law
A law at the federal level in the U.S. that aims to encourage the knowledgeable use of consumer credit through mandates on disclosures regarding its terms and expenses.
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