Business

Business, 15.11.2019 16:31, pantojaiv90

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

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History, 13.07.2019 00:30, ExperimentsDIYS

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.

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What is revolving credit? a. credit when the borrower makes regular monthly payments b. credit that requires payment in full on a specific date c. credit that is paid all at once, in a single payment d. credit that lets the borrower choose how much of the credit to use and when to pay it

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Business, 28.08.2019 14:30, ajayfurlow

What is likely to happen if a borrower is late on a payment for a credit card account? the credit card company requires the entire balance be paid in full immediately. the credit card company cancels the card after the first tardy payment. the credit card company doubles the credit limit. the credit card company applies a penalty rate, increasing the card's interest rate.

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Business, 30.08.2019 01:00, Randomkid0973

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

Answers: 1

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