Examlex
Which of the following could NOT be an accurate statement?
Finance Charge
Fees and interest charges associated with the borrowing of money or the extension of credit.
Installments
Periodic payments made towards settling a debt or purchasing a good, spreading out the total cost over a period of time.
Fair Credit Reporting Act
A federal law that regulates the collection, dissemination, and use of consumer credit information to ensure accuracy and privacy.
Fair Debt Collection Practices Act
A US federal law aimed at preventing abusive, deceptive, and unfair practices by debt collectors when collecting debts.
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