Question

Individuals who do not pay off their credit card balances each month are known as which of the following?

A) Borrowers
B) Convenience users
C) Consumer users
D) None of the above

Answer 1

I think the correct answer from the choices listed above is option A. Individuals who do not pay off their credit card balances each month are known as borrowers. The opposite of such is called deadbeat, transactor or a nonrevolver. Hope this answers the question.

Answer 2

The right option is; A) Borrowers

Borrowers are individuals or organizations that have received funds from another party (such as a financial institution) with the agreement that the money will be paid back. Individuals who do not pay off their credit card balances each month are known as borrowers. A credit card is a card that is given by a financial institution which allows the cardholder to borrow funds and there is a condition that the cardholder will refund the borrowed amount of money with any extra agreed upon charges.