Missing one payment may cause borrowers to be charged a late fee. Hence, option C is correct.
What happens if one is making a late payment or miss a payment?
Credit reports and credit ratings may be impacted by even a single late or missed payment. The simple answer, however, is that although the person may still be charged late penalties.
In general, late payments won't appear on the credit reports for at least 30 days from the date the missed the payment.
Thus, option C is correct.
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