Re: Creditor Liability Info Please From LadyNRed
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Posted by LadynRed
(199.91.33.254) on March 04, 2003 at 14:00:11:
In Reply to: Creditor Liability Info Please From LadyNRed posted by kaldi777 on March 04, 2003 at 12:35:56:
Do they assume responsibiliy ? No, but they do assume the RISK in extending credit to people who are in a high-risk category. About the only responsibility they assume is to their Boards of Directors and stockholders when they're forced to write-off bad debts.
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