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What percent of adults, nationally, were current on all credit payments in the last year?




Your friend sees your answer to #1 and assumes that each of those people has a high credit score. Why is your friend incorrect?




How does your state’s on-time payment record compare to the national rate?




Find your county within your state. How does your county’s rate compare to your state’s rate of on-time payment?




If you look at the state shading on the map, it seems on-time payment rates are somewhat clumped geographically. What might cause that “clumping?”




Based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences.

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Martebi

The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .

Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience.  They are said to often have a high balance on too many credit card.

The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.

Miral county’s payment rate is 80%, 10% higher than the state of Texas.

The “clumping may be due to the types of jobs that are available to certain states.

The reasons our credit card or loan bill paid late?

The  reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:

  • Credit score reduction drastically, that can affect your credit report badly.
  • It can also  affect the types of opportunities, etc. that one can get through the credit bureau.

learn more about  credit payments from

https://brainly.com/question/2151013

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