What is a creditor legally required to do if you dispute a debt?A.The creditor can ignore the dispute.B.The creditor may choose to ignore the dispute.C.The creditor must cancel the dispute.D.The creditor must investigate the dispute.SUBMITarrow_backPREVIOUS

Consider the following statements below:       Statement 1: The creditor may bring the appropriate actions to protect and preserve his right only after the fulfillment of the condition.                                   Statement 2: The debtor may recover what he has paid if he believed by mistake that the condition has been fulfilled.1 pointOnly statement 2 is true.Only statement 1 is true.Both statements are false.Both statements are true.

What does a creditor issues?a.Verbal Agreementb.Cashc.Promissory Noted.Bills of Exchange

The debtor's promise to the creditor was terminated or canceled when the specific object was lost without their fault. Nonetheless, the debtor is required to pay the whole cost of the item, including any damages, if the particular item was lost as a result of his carelessness.

What can happen if you do not pay back money you have borrowed?A.You can be charged penalties and fees.B.You can ignore late payment notices.C.You can be offered more credit.D.You can get an increase in your credit.SUBMITarrow_backPREVIOUS

What is one step a borrower should take in order to better control their debt?A.Apply for more credit cardsB.Pay only the minimum monthly paymentC.Declare bankruptcyD.Carefully examine their expensesSUBMITarrow_backPREVIOUS