What is likely to happen if a borrower misses a payment on a credit card account? The credit card company will not notice a miss

Question

3 years ago

12

What is likely to happen if a borrower misses a payment on a credit card account? The credit card company will not notice a miss

ed payment. The credit card company requires the entire balance be paid in full immediately. The credit card company applies a penalty rate, increasing the card's interest rate. The customer will never be able to open another credit account.

History

2 answers:

Kamila [148] · Answer 1 · 2022-06-29T22:09:21+03:00

Kamila [148]3 years ago

5 0

C would be the answer to this

attashe74 [19] · Answer 2 · 2022-06-29T23:09:53+03:00

attashe74 [19]3 years ago

3 0

The answer is "The credit card company applies a penalty rate, increasing the card's interest rate"

I took the test and got it right