What consequences do borrowers face if they miss many payments? check all that apply. difficulty getting loans garnished wages elimination of all credit lost collateral compounded late fees

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What consequences do borrowers face if they miss many payments? check all that apply. difficulty getting loans garnished wages elimination of all credit lost collateral compounded late fees

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The correct answer choices are:

Difficulty getting loans
Pay garnished
Combined late fees.

Your investor starts the mode of events. Some lenders start the method when there is one incomprehensible payment but others can provide you with three months. In either case, the late payment is enclosed in your credit report and may affect your credit score. Next month you will have to pay 2 mortgage payments and the late fee.