What consequences do borrowers face if they miss many payments? check all that apply. difficulty getting loans garnished wages elimination of all credit lost collateral compounded late fees

[A, B, D] Difficulty getting loans, garnished wages, and lost collateral.

Explanation:

There are three consequences that borrowers face if they were to miss payments.

The first is difficulty getting loans. This is due to a bad credit score. You can get a bad credit score by not paying your credit card fees on a monthly basis.

The second is garnished wages. This occurs when a portion of your income is set aside and unable for your own use.

The third is lost collateral. You can lose collateral if you fail to repay what you borrowed.

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hope this , question was a little open ended

answer; the government can clearly justify the restriction;