Nathan borrows $1,250 to pay his son's medical bills. This is not a consumer credit transaction subject to the FCCPA since the loan is for a family member's services rather than for Nathan's personal purchase of goods.

Question

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The Fair Credit Collection Practices Act (FCCPA) applies to personal, family, and household debts, so a loan for a son's medical bills would be considered a consumer credit transaction under the act.

Nathan Borrows $1,250 to Pay His Son's Medical Bills