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What is likely to happen if a borrower is late on a payment for a credit card account

What is likely to happen if a borrower is late on a payment for a credit card account
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What is likely to happen if a borrower is late on a payment for a credit card account

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User Tom Hammond
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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 AntiMoron
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