Question

If you have a problem with your creditor, the best solution is to: A. file a lawsuit against the creditor. B. solve your problem directly with the creditor. C. complain to the Federal Reserve System. D. complain to the Board of Governors.

Answer 1

the correct answer is

B) solve your problem directly with the creditor

Answer 2

Answer:

The correct answer is letter "A": file a lawsuit against the creditor.

Explanation:

In front of problems with creditors, financial institutions should file a lawsuit against them. In front of the court, the bank will remain the creditor of the liability inherited with the debt so, that person can be responsible for it. Though, if the creditor faces hardship, both the bank and the creditor may legally agree on the terms for the payment to be done.