An Individual Can Be Overusing Credit Even If He or She

question 43

True/False

An individual can be overusing credit even if he or she can afford to make the minimum monthly payments on time.

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Definitions:

Willful Destruction By Fire

An act of intentionally setting fire to property, typically constituting a criminal offense.

Forgery

The act of falsely making or altering a document with the intent to defraud, such as signing another person's name to a check.

Counterfeiting

The creation of imitation products, currency, or documents with the intent to deceive or defraud by passing the fake item off as genuine.

Trademarks

Legal symbols, words, or phrases registered to represent a company or product, used to distinguish them from competitors.