If your credit company invites you to skip a monthly payment without a penalty:
A)It is not doing you a favor.
B)You will still owe finance charges on your unpaid balance.
C)Interest could be adding up on any purchases you make after the due date you skipped.
D)All of these are true.
E)None of these are true.

Question

Quizplus · Accepted Answer

All of these statements are true. Skipping a monthly payment without a penalty may seem like a favor, but in reality, it is often accompanied by fees and interest charges that will add up. It is important to read the fine print and understand the terms of the offer before deciding to skip a payment. Additionally, any purchases made after the due date you skipped may accrue interest, adding to your overall balance.

If Your Credit Company Invites You to Skip a Monthly