Explain what are 'Terms of Credit'. (E-MC)

collection agency;a company that collects debts for other people or companies.

consumer;a person who uses credit for personal,family or household families.

crediter;a person or company u owe money to.

debter;a person who ownes the money.

refinance;renew the contracr before u have paid it out.

reposses;when the creditor takes the property his lien is on with or without court order.