If You Default on Your Automobile Loan

question 80

Multiple Choice

If you default on your automobile loan:

• A) an advance notice to you is required before your car is repossessed.
• B) no advance notice is required before repossession.
• C) the federal consumer credit laws give you protection from your car being repossessed.
• D) you don't have to pay the full balance due on your automobile loan.
• E) you pay fifty percent of the balance due on your automobile loan.

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Definitions:

Social and Political Activism

The act of advocating for, supporting, or participating in efforts and movements aimed at political, economic, or social change.

Client Advocacy

The act of supporting and promoting the interests and rights of clients, especially in healthcare, social services, and legal settings, to ensure they receive appropriate care and services.

Preventive Education

Educational programs aimed at teaching individuals skills and knowledge to prevent, recognize, and respond to potential problems or risks before they occur.

Multifaceted Approach

A comprehensive strategy that incorporates multiple methods or perspectives to address complex issues or problems.