AnswersTX-Personal Financial Literacy and EconomicsHow Credit WorksQuestion 8
8
AssignmentMultiple Select

How Credit Works

Question 8 • TX-Personal Financial Literacy and Economics

What will most likely happen if Tony continues to make late payments? Check all that apply.

Answer
A
The bank might take his car.
B
The bank will charge late fees.
C
His credit history might be damaged.
D
He might be charged a down payment.
E
He might have to add an asset to the loan.
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