How does green credit act as a creditor and as a debtor

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Reference no: EM133655624

Problem: Project- Researching Consumer and Creditor Protection Your problem, Part I You work in the legal department for Green Credit, a financial institution offering lines of credit to individuals and small businesses that are backed up by ecologically friendly investments. Today, you are approached by one of the managers. She says the company wants to begin offering credit cards as well. She wants you to confirm there are no issues with going forward on this project. As she is leaving, the manager also mentions that she's been getting harassing calls from Colossus Bank. The company had taken out a business loan to address data storage infrastructure needs, but they've been having trouble making payments because the APR was higher than originally believed. The manager wants to know if there's anything you can do about the threatening calls she's getting. Review the scenario. Then, answer the following questions about creditors and debtors. How does Green Credit act as a creditor and as a debtor in this scenario? Who would be Green Credit's creditor(s) and debtor(s)? When Green Credit offers a mortgage to customers, is this a secured or an unsecured loan? Why?

Reference no: EM133655624

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