which is a long - term consequence of paying less than the minimum amount due on your bills?\nthere will be…

which is a long - term consequence of paying less than the minimum amount due on your bills?\nthere will be a late fee.\nyou will get a fee for having a negative balance in your checking account.\nthe number of payments will increase.\nit will be harder to get a good rate on a mortgage when you buy a house.

which is a long - term consequence of paying less than the minimum amount due on your bills?\nthere will be a late fee.\nyou will get a fee for having a negative balance in your checking account.\nthe number of payments will increase.\nit will be harder to get a good rate on a mortgage when you buy a house.

Answer

Brief Explanations:

Paying less than the minimum on bills can damage credit - score. A poor credit - score affects mortgage rates. Late fees and negative balance fees are short - term. Increasing payment number is not the most long - term and impactful consequence compared to mortgage rate issues.

Answer:

It will be harder to get a good rate on a mortgage when you buy a house.