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ERIC Number: ED313312
Record Type: Non-Journal
Publication Date: 1988
Pages: 51
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-0-89707-356-8
Your Legal Guide to Consumer Credit, with a Special Section on Bankruptcy. You and the Law Series.
American Bar Association, Chicago, IL. Public Education Div.
This booklet was published to help people better understand how to use it, how to determine if they are reaching or have reached their credit-debt limit, and what to do if they have exceeded that limit. It also explains federal rules, regulations, and laws pertaining to consumer installment credit that are designed to protect the consumer. "An Introduction to Credit: What Is It? What Does It Cost?" uses a few simple examples to answer these questions. "Choosing a Credit Card" explains how to compare the true costs of using various credit cards. "How the Law Protects You--and How You Can Protect Yourself" discusses the basics of the Truth in Lending Act. "How to Apply for Credit" discusses what factors lenders look at in evaluating credit-worthiness and what factors cannot be used to refuse credit to someone, and offers suggestions as to what to do if a credit application is denied. "How to Establish a Credit Record and Check Your Credit Record" and "How to Correct Credit Mistakes" offer clear explanations of those topics. "How Much Credit Can You Handle?" provides a worksheet to determine one's credit ceiling. "Debt Collection and the Law" answers some key questions concerning this topic. "Deep in Debt: Bankruptcy and Other Alternatives" explains the options for people in serious financial trouble. The booklet concludes with a section on where one can get help and more information. (JB)
Order Fulfillment, American Bar Association, 750 N. Lake Shore Drive, Chicago, IL 60611 (1-9 copies, $2.00 each, 10-99 copies, $1.50 each, over 99 copies, $1.00 each).
Publication Type: Legal/Legislative/Regulatory Materials; Reference Materials - General
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: American Bar Association, Chicago, IL. Public Education Div.