which is a long - term consequence of making late payments on your bills?\no it will be harder to secure a…
which is a long - term consequence of making late payments on your bills?\no it will be harder to secure a new loan at a low rate.\no the balance in your checking account will be negative.\no there will be a late fee.\no the number of payments will increase.
Answer
Answer:
It will be harder to secure a new loan at a low rate.
Brief Explanations:
Late bill - payments hurt credit scores. A lower credit score makes it difficult to get a new loan at a low - interest rate, which is a long - term consequence. A negative checking balance, late fees, and increased number of payments are short - term issues.