26
QuizMultiple Select

3.7 How Credit Works

Question 26 • TX-Personal Financial Literacy and Economics

What consequences do borrowers face if they miss many payments? Check all that apply.difficulty getting loansgarnished wageselimination of all creditlost collateralcompounded late fees

Answer
A
difficulty getting loans
B
garnished wages
C
elimination of all credit
D
lost collateral
E
compounded late fees