Question: What is negative amortization ( select all that apply ) : A predatory lending tactic that consumers should avoid. A simplified version of making payments
What is negative amortization select all that apply:
A predatory lending tactic that consumers should avoid.
A simplified version of making payments on your loan.
A payment schedule where your monthly payment doesnt cover the entire principal amount.
A payment schedule where your monthly payment doesnt cover the entire interest due, resulting in the interest being added to your principal, which causes your principal balance to increase instead of decrease.
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