Question

Jerome does not pay his balance is off on his credit card each month he often has to pay interest in finance charges what is Jerome in the scenario?

Answer 1

The correct answer is "The APR on the unpaid balance".

Jerome should give importance to the APR on his unpaid balance, since he just applied for two more credit cards, while he already has three. If he plans to apply for two more, he should give attention to the unpaid balances, because the APR may increase due to his missed payments, which will also result in an increase in payments to his credit cards.

Explanation: