Examlex
A local manufacturer makes several different flavours and package sizes of dog and cat food treats.This company has a sales force that contacts retailers who sell their products,they offer in-house lines of credit to customers,and they do advertising for all of the products.How would this type of intermediary be classified?
Consumer Credit Report
A document detailing an individual's credit history, used by lenders to assess creditworthiness for loans and credit.
Binding Credit Obligation
A legally enforceable promise or agreement that requires an individual or business to repay borrowed money or fulfill financial commitments.
Rescinds
To rescind is to revoke, cancel, or repeal a law, order, or agreement.
Fair Debt Collection Practices Act
This act is a federal law that aims to eliminate abusive practices in the collection of consumer debts, promoting fair debt collection and providing consumers with an avenue for disputing and obtaining validation of debt information.
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