The question has multiple choices
<span>A. </span><span>Fees and paying the default interest rate on
the balance</span>
B. Fees and paying the introductory interest rate on the
balance
C. Paying higher interest rates
<span>D. None of these
answers are correct
</span>
<span />
The answer is A) Fees and paying the
default interest rate on the balance
Always, there is a non-fee period
defined by the bank. Creditors will not only penalize you with a late fee, but
also will most of the times increase your interest rate to the penalty rate. When
your payment becomes sixty days past due, the introductory rate can expire
prematurely.
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