Social studies

posted by Mydogbear

The regulations creditworthiness people obtain charge accounts, loans, mortgages, and other kind of credit by not allowing creditors to treat applicants unfairly. But the regulations do not quarantee the applicant credit. Creditors may still determine creditworthiness by considering such factors as the income, expenses, age, debts, and reliability of the applicant. All creditors who regularly extend credit are covered by these regulations, including banks, small loan, and finance companies, retail and department stores, credit card companies, and credit unions.

Support for the passage of these regulations most likely came from

(1) banks
(2) consumer organizations
(3) finance companies
(4) credit card companies
(5)retail stores


I pick #1 can someone please check my answer

  1. Ms. Sue

    I agree. But check your text to be sure.

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