which is a long - term consequence of making late payments on your bills? it will be harder to secure a new…

which is a long - term consequence of making late payments on your bills? it will be harder to secure a new loan at a low rate. the balance in your checking account will be negative. there will be a late fee. the number of payments will increase.

which is a long - term consequence of making late payments on your bills? it will be harder to secure a new loan at a low rate. the balance in your checking account will be negative. there will be a late fee. the number of payments will increase.

Answer

Brief Explanations:

Making late bill - payments negatively impacts credit scores. A lower credit score makes it harder to get a new loan at a low - interest rate in the long - term. A negative checking account balance, late fees, and increased number of payments are short - term or immediate consequences.

Answer:

It will be harder to secure a new loan at a low rate.