Which statements describe a risk of taking on debt? Select the all that apply.
A. It allows you to buy things now and pay later.
B. It could affect your ability to take out other loans.
C. It could cause you to lose your collateral if not paid off.
D. It does not affect your credit score if you pay it off in a timely manner.
E. It might result in the interest rates on other loans to increase.
B. It could affect your ability to take out other loans.
C. It could cause you to lose your collateral if not paid off.
E. It might result in the interest rates on other loans to increase.