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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 Outluch
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1 Answer

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The credit card company applies a penalty rate, increasing the card's interest rate
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User Michel Keijzers
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