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Business LibreTexts

10: Consumer Credit Transactions

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    Learning Objectives

    After reading this chapter, you should understand the following:

    • How consumers enter into credit transactions and what protections they are afforded when they do
    • What rights consumers have after they have entered into a consumer transaction
    • What debt collection practices third-party collectors may pursue

    This chapter and the three that follow are devoted to debtor-creditor relations. In this chapter, we focus on the consumer credit transaction.