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What is likely to happen if a borrower misses a payment on a credit card account?

What is likely to happen if a borrower misses a payment on a credit card account?
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What is likely to happen if a borrower misses a payment on a credit card account?

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User PeterX
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2 Answers

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The borrower will get a late fee and possibly a higher interest rate
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User Milind Thakkar
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3 votes
The borrower will get a late fee for not paying on the due date.
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User Xec
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