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oksian1 [2.3K]
2 years ago
12

Which statement describes a risk of taking on debt?

History
2 answers:
liubo4ka [24]2 years ago
8 0
The answer is c. It could affect your ability to take out other loans
Kisachek [45]2 years ago
3 0

The statement that  describes a risk of taking on debt is: C. It could affect your ability to take out other loans.

<h3 /><h3>What is Debt?</h3>

Debt  can be defined as the money a borrower borrowed which he or she is yet to pay back.

When a person take debt, the person may not be able to take or collect another loan based on the fact that the person is yet to pay the debt he owed.

Therefore the statement that  describes a risk of taking on debt is: C. It could affect your ability to take out other loans.

Learn more about debt here:brainly.com/question/26258146

#SPJ2

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