Question

Select the most likely consequence of making payments late to a card that has an introductory rate

Answer 1

Question:

Select the most likely consequence of making payments late to a card that has an introductory rate

The inquiry has various options

A. Charges and paying the default loan cost on

the parity

B. Charges and paying the initial financing cost on the

balance

C. Paying higher loan fees

D. None of these answers are right

Answer

The appropriate response is A) Fees and paying the

default loan fee on the equalization

Continuously, there is a non-charge period

characterized by the bank. Leasers won't just punish you with a late charge, however

likewise will the vast majority of the occasions increment your loan fee to the punishment rate. At the point when

your installment winds up sixty days past due, the starting rate can lapse

rashly.

Answer 2

The question has multiple choices

A. Fees and paying the default interest rate on the balance
B. Fees and paying the introductory interest rate on the balance
C. Paying higher interest rates
D. None of these answers are correct

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.