Eduardo obtained credit to buy a car. He has failed to make any payments over the past
few months. What is MOST likely to happen?

A. He will make one giant payment to cover the past months without penalty,
B.The lender will take possession of his car.
C. The amount of debt owed will decrease the longer he waits to make a payment.
D.Nothing-people are allowed to miss several payments without consequences.

Question

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11-03-2022
Business

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Eduardo obtained credit to buy a car. He has failed to make any payments over the past
few months. What is MOST likely to happen?

A. He will make one giant payment to cover the past months without penalty,
B.The lender will take possession of his car.
C. The amount of debt owed will decrease the longer he waits to make a payment.
D.Nothing-people are allowed to miss several payments without consequences.

Respuesta :

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Tundexi Tundexi · Answer 1 · 2022-03-23T10:19:57+01:00

The lender will most likely take possession of his car when Eduardo failed to make any payments over the past few months on the car credit.

What is a car credit?

A car credit is an arrangement of installment payment on a car with an agreement to pay certain amount at regular interval.

Hence, the lender will most likely take possession of his car when Eduardo failed to make any payments over the past few months on the car credit.

Therefore, the Option B is correct.