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↓ on August 26, 2017 at 7:34 pm Thank you Heidi (and Money Sense)!
Through COSME LGF, EIF offers guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries (e.
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These protections include a limitation that card issuers cannot open a credit card account or increase a credit line on a card account unless the card issuer considers the ability of the consumer to make the required payments under the terms of the account, as well as other protections such as limitations on fees during the first year after account opening, late fee restrictions, and a requirement that card issuers give consumers “a reasonable amount of time” to pay their bill.
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In some cases, your debt could be sold from one collection agency to another.
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