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Business, 17.11.2020 18:50 travisvb

8. (03.02 HC) Jim and Jennifer have excellent credit, and they purchased property with a mortgage. However, they experienced financial difficulty and have not made any payment in
over six months. Which of the following is the most probable consequence of Jim and Jennifer's late payment? (5 points)

The credit report administration will cancel their credit.

The bank will decrease the interest rate on the loan.

Their debt-to-credit ratio will decrease.

The bank will repossess the property.

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Answers: 2

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