Which is a long-term consequence of paying less than the minimum amount due on your bills?
A. There will be a late fee.
B. You will get a fee for having a negative balance in your checking account.
C. The number of payments will increase.
D. It will be harder to get a good rate on a mortgage when you buy a house.

Paying less than the minimum amount due on your bills can lead to late fees, an increase in the total number of payments required, and a negative impact on your credit score. These factors can make it harder to secure favorable loan terms for future purchases, such as a mortgage. Thus, it's essential to manage payments properly to maintain good financial health.
;

Answered by Anonymous | 2025-07-04

Paying less than the minimum amount due on bills can lead to late fees, an increase in the number of payments, and a lower credit score. These consequences can affect your ability to secure loans later, including mortgages. Managing your payments responsibly is crucial to maintaining financial health. ;

Answered by GinnyAnswer | 2025-07-04