Answered

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Kyle failed to make his payment by the first of this month. Kyle’s monthly payment is currently $1,200. If Kyle decides to split the missing payment into two parts and pay it over the next two months, which of the following statements is false? a. Kyle will be reported to a credit agency. B. Kyle will be charged a $75 late fee for the missing payment. C. Kyle has one business week to inform his bank of the late payment. D. Kyle’s monthly payments for the next two months will remain $1,200.

Sagot :

Parrain

Based on the fact that he missed his monthly payment, it is false to say that D. Kyle’s monthly payments for the next two months will remain $1,200.

What happens when Kyle misses payment?

  • He will be reported for this default to a credit agency.
  • He will incur penalties which will be added to future payments.

This means that his payments in the next two months will not be the same as the current month of $1,200 but will rather increase based on the penalty charged.

In conclusion, option D is correct.

Find out more on missing payments at https://brainly.com/question/15472928.

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