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agasfer [191]
4 years ago
11

What is likely to happen if a borrower misses a payment on a credit card account?

Business
2 answers:
lina2011 [118]4 years ago
8 0
The borrower will get a late fee and possibly a higher interest rate
julsineya [31]4 years ago
6 0
The borrower will get a late fee for not paying on the due date. 
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Answer:

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Hence, the first option is correct

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Difference between accounts receivable and payable
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When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
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