What will most likely happen if Tony continues to make late payments? Check all that apply.

The bank might take his car.

The bank will charge late fees.

His credit history might be damaged.

He might be charged a down payment.

He might have to add an asset to the loan.

Question

Social Studies

Humberto

23 December, 23:32

What will most likely happen if Tony continues to make late payments? Check all that apply.

The bank might take his car.

The bank will charge late fees.

His credit history might be damaged.

He might be charged a down payment.

He might have to add an asset to the loan.

+5

Answers (2)

Know the Answer?

Keyla Barrett · Answer 1

the answers are option 1,2,3

option one is correct because if people do not make their payments on time then the banks will seize that item.

option two is correct because banks issue late fees when payment is missed.

option three is also correct because your credit history is based on if you pay bills on time.

option four is not correct because down payments are the payments you make before receiving he car.

option five is not correct because a bank will never ask you to add assets,

Lindsay Ward · Answer 2

The answer is B

...

What will most likely happen if Tony continues to make late payments? Check all that apply.The bank might take his car.The bank will charge late fees.His credit history might be damaged.He might be charged a down payment.He might have to add an asset to the loan.

What will most likely happen if Tony continues to make late payments? Check all that apply.

The bank might take his car.

The bank will charge late fees.

His credit history might be damaged.

He might be charged a down payment.

He might have to add an asset to the loan.