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Consumer credit

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Consumer Credit The borrowing capacity extended to an individual for the purchase of consumer goods or services. Consumer credit includes credit card purchases, lines of credit, installment agreements, and many other types of loans.

 


CONSUMER CREDIT - Short term loans to individuals for the purchase of goods used primarily for personal, family, or household purposes. Such goods are not intended for resale or further use in the production of other products.

Uniform Consumer Credit Code
Law Encyclopedia:
Uniform Consumer Credit Code
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Consumer Credit Protection Act (CCPA): Federal law that limits how much money can be taken from someone's paycheck to pay for child support. States can set their own limits as long as these limits are not higher than the federal ones.

Consumer Credit Counseling Service (CCCS)
Consumer expectations test
Consumer Leasing Act ...

See Consumer Credit Counseling Service.
Corporation
Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, ...

See Consumer Credit Counseling Service.
census
An official count of the number of people living in a certain area, such as a district, city, county, state, or nation.

under the Consumer Credit Act or Timeshare legislation).
Civil law
Concerned with the relationship between individuals.

(FDCPA), is a law within the Consumer Credit Protection Act, related to protecting consumers from debt collection abuse or mistaken debt information.

truth-in-lending act A federal act assuring that every individual who has need for consumer credit is given full disclosure of the terms and cost of the credit. (15 U.S.C. Sec. 1601) ...

Definition
: debt that is incurred by an individual primarily for the purchase of consumer goods or services
compare consumer credit
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See also: Consumer, Credit, Law, Service, Information

Law Consumer bankruptcyConsumer debts

 
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