NCJ Number
46606
Date Published
1975
Length
192 pages
Annotation
UTILIZING LANGUAGE GEARED FOR AN AVERAGE CONSUMER, VARIOUS CONSUMER ISSUES ARE DETAILED, INCLUDING LOANS, TRUTH-IN-LENDING RIGHTS, CREDIT CARD LAWS, HOME MORTGAGE LOAN REGULATIONS, AND SOURCES OF CONSUMER HELP.
Abstract
NUMEROUS CASE STUDIES AND EXAMPLES ARE USED TO ILLUSTRATE CONSUMER RIGHTS AND FORBIDDEN ABUSES. BASIC PRINCIPLES OF CONSUMER CREDIT, FORBIDDEN COLLECTION TACTICS, THE PRIVACY OF CREDIT RECORDS AND RATINGS, RIGHTS IN CONSUMER LOANS, COMMON LOOPHOLES, AND TECHNIQUES ONE CAN USE TO AVOID FALLING VICTIM TO UNSCRUPULOUS TACTICS ARE COVERED. AS ARE TRUTH-IN-LENDING, THE PITFALLS OF INSTALLMENT BUYING, AND USE OF CREDIT CARDS. CREDIT INSURANCE IS EXAMINED IN DETAIL. THE FINAL CHAPTERS EXPLAIN HOW TO GET OUT OF FINANCIAL TROUBLE, HOW TO HANDLE CREDIT DISCRIMINATION, AND HOW BUYERS CAN ASSERT THEIR RIGHTS IN HOME MORTGAGE TRANSACTIONS. A SUMMARY OF CONSUMER CREDIT REMEDIES IS PROVIDED. A DISCUSSION OF PENDING LEGISLATION (AS OF 1975) IS INCLUDED. THE BILLS INCLUDE THOSE RELATING TO: THE OUTLAWING OF CREDIT DISCRIMINATION ON THE BASIS OF RACE, COLOR, OR RELIGION; BANKRUPTCY REFORM; INCREASED ACCESS TO CREDIT FILES; FEDERAL TRADE COMMISSION RULINGS; AND TRUTH-IN-SAVINGS PROPOSALS. A GLOSSARY OF CREDIT TERMS IS APPENDED. AN INDEX IS PROVIDED.