Find the best answers to your questions with the help of IDNLearn.com's knowledgeable users. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.
Making late payments on credit card bills has what kind of effect on a person's credit score?
a
Late payments have a negative effect on a person's credit score.
b
Late payments have a positive effect on a person's credit score.
c
Late payments do not affect a person's credit score.
A late payments have a negative effect on a persons credit score
Step-by-step explanation:
A credit score is basically the trust banks have with you or the potentiality that you will pay them back. Making late payments will obviously lower the banks reliability on you to pay your bill ontime and in full.
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.
