About consumer creditWritten by Jakob Jelling
If you do not understand consumer credit, you will be far more likely to misuse credit, and ruin your financial situation. That is why subject of consumer credit is so important.A lot of people get their first experience with consumer credit when they get their student credit card. This is where their study of consumer credit begins. Credit card users need to be knowledgeable in credit terms such as APR, rewards, balance transfer and cash back. You can also get department store cards specific to one brand name store. A department store card has its pros and cons. A lot of offers are advertised if you sign up for a card, such as discounts and free gifts. However APR on these consumer credit cards is often considerably higher than most regular credit cards. When you are a consumer of credit you need to know your legal rights so that you can protect yourself. For example if you are being hassled by collectors, you should be aware of Fair Debt Collection Act, which lays out rules that limits actions a collector can use to retrieve his money.
| | Home Owners: Disclose the facts!Written by Sameer S Panjwani
One of most common causes for disputes occurring after sale of a home arise from buyer finding defects in property, defects which were not disclosed to him by owner before sale of property. If you are owner of a home that you are looking to sell, please be aware that you may be held liable for not disclosing any known defects in your home.The statutes governing seller obligations vary with each state. Some states require a seller to complete a questionnaire about their property's condition; in other states, disclosures can be made verbally. In some states, seller disclosures are voluntary. The only sellers excluded from disclosure laws are banks and mortgage companies with foreclosure properties. In addition to state laws, there are certain federal laws as well which govern what needs to be disclosed. For instance, federal law requires sellers of homes built before 1978 to disclose any known lead hazards. Some real estate companies may also ask you to disclose all known material facts about your home before they decide to take up your home listing.
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