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What consequences do borrowers face if they miss many payments? Check all that apply.

difficulty getting loans
garnished wages
elimination of all credit
lost collateral
compounded late fees

Respuesta :

There are some consequences if borrowers miss many payments. Among the given options three are valid in this scenario. Here, Compound late fees, lost collateral and difficulty getting loans are three major consequences of missing payments by borrowers.

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Answer:

1. difficulty getting loans

2. garnished wages

4. lost collateral

Explanation:

Correctly marked answers post-test.

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