Small Business Management

Consumers citeConsumers Credit page 1Maintaining a good reference situation range is essential especially for small businesses . Because when you retain for obligate of facts or loans , conviction launchings would examine your reference history and would then assess if you would be able to pay for the loan or commendation on time . There be about dowery where we asshole not avoid to have assign problems much(prenominal) as an unexpected delay of income , health illnesses or capable problems such as computer malfunctioning . All of these mountain cause a delay on your loan take back p The federal official Trade Commission (FTC ) makes legitimate that credit laws are substantially implemented and monitored . These laws include your full to apply and use credit , and they protect your rights by requiring credit institutions to surrender all customers the grant of having a fair and match luck to apply for credit . Also , when disputes regarding credit problems top , they would be responsible to provide solution for itThere are unalike organisation acts which support the rights of all consumers towards credit . One theoretical account is the Federal plum Credit Reporting bend which protects the correctness and privateness of the consumer s personal s .

Another is the Equal Credit opportunity Act which states that there should be no unlikeness on application for credit regarding his /her age , sex , holiness , function or nationality . The Fair Credit Billing Act and electronic Fund Tran sfer Act ensures that whenever errors or mis! takes regarding credit accusation and electronic fund transfers occurs , you may be ensured that the credit institution would create procedures that would solve your problem . Another is the Fair Debt disposition Practices Act which ensures that no anomalies are conducted during debt collectionAll these acts are good correct by the government and would ensure that consumer s rights regarding consumers credit are well protected and implemented accordinglyReferencesCredit and Your Consumer Rights (March 2005 . From http /www .ftc .gov /bcp /conline /pubs /credit /crdright .shtm...If you bring to get a full essay, order it on our website: OrderEssay.net

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