A person who fails to make loan payments on time is likely to face which consequence?A.Being given a lower debt-to-income ratioB.Being arrested and charged with bank fraudC.Having his or her credit score greatly increasedD.Paying higher interest rates on future loans

The consequence a person who fails to make loan payments on time is likely to face is D. Paying higher interest rates on future loans.

Here's why:

A. Being given a lower debt-to-income ratio - This is not a consequence of failing to make loan payments. The debt-to-income ratio is a personal finance measure that compares the amount of debt you have to your overall income.

B. Being arrested and charged with bank fraud - Failing to make loan payments on time is not a criminal act and will not lead to arrest or charges of bank fraud.

C. Having his or her credit score greatly increased - This is the opposite of what would happen. Failing to make loan payments on time would likely lead to a decrease in credit score, not an increase.

D. Paying higher interest rates on future loans - This is the most likely consequence. Lenders consider individuals who have a history of late payments as high risk, and they typically charge these individuals higher interest rates to offset this risk.

The consequence a person who fails to make loan payments on time is likely to face is D. Paying higher interest rates on future loans.

Here's why:

A. Being given a lower debt-to-income ratio - This is not a consequence of failing to make loan payments on time. The debt-to-income ratio is a personal finance measure that compares the amount of debt you have to your overall income.

B. Being arrested and charged with bank fraud - Failing to make loan payments on time is not a criminal act and will not result in arrest or charges of bank fraud.

C. Having his or her credit score greatly increased - This is the opposite of what would happen. Failing to make loan payments on time would likely result in a decrease in credit score, not an increase.

D. Paying higher interest rates on future loans - This is the most likely consequence. Lenders consider individuals who have a history of late payments as high risk. To compensate for this risk, they may charge higher interest rates on future loans.