Register

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

What is likely to happen if a borrower misses a payment on a credit card account?
179k views
5 votes
What is likely to happen if a borrower misses a payment on a credit card account?

User Outluch
by
7.5k points

1 Answer

5 votes
The credit card company applies a penalty rate, increasing the card's interest rate
User Michel Keijzers
by
8.2k points
← Prev Question Next Question →

Related questions

User PeterX
asked Oct 18, 2018 228k views
What is likely to happen if a borrower misses a payment on a credit card account?
PeterX asked Oct 18, 2018
by PeterX
8.3k points
2 answers
0 votes
228k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
Link Copied!