Scroll down to ( i )
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by JKelly
(151.197.116.9) on July 20, 2004 at 19:28:38:
In Reply to: Re: Updates - Hearing date set posted by JKelly on July 20, 2004 at 19:24:45:
The term ''open end credit plan'' means a plan under which the creditor reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and which provides for a finance charge which may be computed from time to time on the outstanding unpaid balance. A credit plan which is an open end credit plan within the meaning of the preceding sentence is an open end credit plan even if credit information is verified from time to time. Print it out and show it to her!!
Follow Ups:
Post a Followup
|