You accepted a major retailer's credit offer to buy home gym equipment without having to pay principal or interest until next year. You didn't think about the impact on your montly budget because a full year seemed so far away, and you even hoped to have a better paying job by then. When the year is up, and the bills start arriving for the equipment, you don't make payments on the principal or interest. What do you think will happen? A. You can explain your situation to the retailer, and you will only have to pay on the principal. B. You will be held legally responsible for making payments. C. You can explain your situation to the retailer, and you will only have to pay on the interest. D. You will have difficulty getting different kinds of credit in the future.



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