Select the most likely consequence of making payments late, Financial Management

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Select the most likely consequence of making payments late

1. Zach is an authorized user on his parents' credit card. What may happen if Zach doesn't use the card in a responsible way?

Zach and Zach's parents' credit may be damaged

None of these answers are correct

Zach's credit may be damaged

Zach's parents' credit may be damaged

2. Select the most likely consequence of making payments late to a card that has an introductory rate.

Paying higher interest rates

Fees and paying the introductory interest rate on the balance

Fees and paying the default interest rate on the balance

None of these answers are correct

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