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The East German government forgave all outstanding marriage loans in 1950, and in 1972 instituted its loan programme, the Ehekredit (marriage credit), which was strongly reminiscent of the Nazi marriage loan: newlyweds under 26 received an interest-free loan of 5,000 East German marks, which was progressively forgiven as they had children (in this case 3), again referred to as binder.
The Equal Credit Opportunity Act (ECOA) is a United States law (codified at 15 U.S.C. § 1691 et seq.), enacted October 28, 1974, [1] that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to ...
A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly. And it ...
Just like payday loans, title loans should be a last resort because the average auto title loan has an APR of about 300 percent. How to shop for no-credit-check loans
Key takeaways. Women and minorities faced credit discrimination for decades. The Equal Credit Opportunity Act of 1974 made it easier for both groups to obtain credit cards and loans.
The repayment terms for the loans follows five basic guidelines: (1) loans last one year, (2) installments on the loan are to be paid weekly, (3) repayment on the loan begins one week after the loan is extended, (4) the interest rate is 20% on the loan, and (5) repayment every week is 2% of the total loan for fifty weeks straight.
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