How can missing a credit card or other loan payment affect you in the long- term

It will lower your credit score.

Explanation:

Credit companies created a credit score based on your financial history. Every time you missed a payment, it will lower your credit score and affect your ability to obtain loan in the future.

People who has high credit score tend to have easier time in obtaining loan with low interest rates.  People with low credit score on the other hand are seen as 'risky' transactions by the credit companies. This will make it hard for them to obtain loan with low interest rates

answer; /// i believe that the correct answer is(

the answer would be a)henry grady because he came up with the term "new south"