Question

you decide to sign up for autopay using a debit card. using this option, the company will automatically charge your debit card $50 per month for your cell phone plan. which of these is a risk to consider when setting up automatic payments for your bills? automatic payments can negatively affect your credit score. you could overdraw your account if you forget about an upcoming payment. it wont be possible for you to track this charge every month. automatic payment may cost a hidden fee added to bill balances

Explanation:

• Automatic payments are typically reported as on - time payments (which can positively affect credit score, not negative), so the first option is incorrect.
• With automatic payments, if one forgets about the payment and there are insufficient funds in the debit card - linked account, an overdraft can occur.
• It is possible to track charges (e.g., through bank statements or online banking), so the third option is wrong.
• There is no indication in the problem statement that there are hidden fees for this automatic payment (and in many common cases, there are no such hidden fees for basic autopay).

Answer:

B. You could overdraw your account if you forget about an upcoming payment.