Solved: What are the advantages of following a strict repayment

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:

B. It prevents additional fees from being charged.

D. It prevents some interest rate increases.

E. It shows that the borrower is responsible.