The consequences of not repaying a loan would be lower credit scores. Hence, Option D is the correct statement.
<h3>What is the result of non-payment of loan amount?</h3>
The customer owes extra cash as penalties, fees, and interest costs building up in the account as a result. The credit score rankings can even fall.
It can also additionally take numerous years to recover, however, the customer can rebuild their credit score and borrow again, every now and then after only a few years.
The complete question is given below:
Which phrase best completes the diagram?
- Consequences for not repaying a loan
+ Expensive fees
+ Seized possessions
+ ____________________________
A. Prison sentences
B. Losing a job
C. lower interest rates
D. lower credit score
Thus, The consequences of not repaying a loan would be lower credit scores. Hence, Option D is the correct statement.
learn more about non-payment of loans:
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