reflection questions\nhow can missing a credit card or other loan payment affect you in the long…

reflection questions\nhow can missing a credit card or other loan payment affect you in the long - term?\nwrite your entry and click submit...
Answer
Brief Explanations:
Missing a credit - card or loan payment can lower your credit score, which affects your ability to get future loans, mortgages, or credit cards. It may also lead to higher interest rates on future borrowing. Additionally, it can cause collection agencies to contact you, and in extreme cases, legal action may be taken against you.
Answer:
Missing a credit - card or other loan payment can have several long - term negative impacts such as a lower credit score, higher future borrowing costs, collection actions, and potential legal issues.