QuestionDecember 14, 2025

Which of these represents a potential consequence of neglecting to pay your credit card or loan debts? Wages and/or tax refunds can be garnished Lenders can file bankruptcy on your behalf Collection agencies can begin visiting your friends and family to collect your debt You can lose your job

Which of these represents a potential consequence of neglecting to pay your credit card or loan debts? Wages and/or tax refunds can be garnished Lenders can file bankruptcy on your behalf Collection agencies can begin visiting your friends and family to collect your debt You can lose your job
Which of these represents a potential consequence of neglecting to pay your
credit card or loan debts?
Wages and/or tax refunds can be garnished
Lenders can file bankruptcy on your behalf
Collection agencies can begin visiting your friends and family to collect your debt
You can lose your job

Solution
4.2(176 votes)

Answer

Wages and/or tax refunds can be garnished Explanation 1. Identify accurate consequences of debt neglect Wage and/or tax refund garnishment is a legal action for unpaid debts; other options are incorrect or illegal. 2. Eliminate incorrect options Lenders cannot file bankruptcy on your behalf, collection agencies cannot legally visit friends/family to collect, and job loss is not a direct consequence.

Explanation

1. Identify accurate consequences of debt neglect<br /> Wage and/or tax refund garnishment is a legal action for unpaid debts; other options are incorrect or illegal.<br />2. Eliminate incorrect options<br /> Lenders cannot file bankruptcy on your behalf, collection agencies cannot legally visit friends/family to collect, and job loss is not a direct consequence.
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