The acceleration clause in a loan agreement allows the lender to A)
The acceleration clause in a loan agreement allows the lender to
A)
collect the entire unpaid balance immediately if you miss a payment.
B)
add on new collateral to an existing installment loan.
C)
collect all unpaid interest immediately if you miss a payment.
D)
step up your monthly payments from, say, $100 a month to $150 to have the loan repaid more rapidly.
ANSWER
A
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