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Sagot :
Answer:
His account will be in default.
Explanation:
Defaulting on a loan means you've stopped making payments as agreed. How delinquent an account must become to be considered in default depends on the lender and the type of account.
Answer:
If you do not pay your credit card bill, you will have to pay late fees, have your interest rate increased, and it will damage your credit score.
Explanation:
Your debt could be sold to a collection agency and the collector of your debt could even sue you. You could even have your wages garnished.
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