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

Question

16 March, 19:41

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Answers (2)

Know the Answer?

Lamar Wells · Answer 1

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

Aleah Ellison · Answer 2

Aleah Ellison 16 March, 19:56

0

C would be the answer to this