Question

What are the advantages of following a strict repayment schedule? Check all that apply.
A. It eliminates the need for secured credit.
B. It prevents additional fees from being charged.
C. It guarantees the borrower possible new loans.
D. It prevents some interest rate increases.
E. It shows that the borrower is responsible.

Answer 1

the answer is a,b,e for sho

Answer 2

The correct answer is B) it prevents additional fees from being charged, D) it prevents some interest rate increases, and E) it shows that the borrower is responsible.

The advantages of following a strict repayment schedule are it prevents additional fees from being charged, it prevents some interest rate increases, and it shows that the borrower is responsible.

You as a client, need to maintain a good score in your credit history.  So you better make sure to pay on time so you have any further problems. This way, yo as a client, won't have additional fees form being charges, you won't have interest rate increases and the company will have in its records that you are a responsible client that could have other loans in the future.