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7 Consequences of Not Paying Your Credit Card

Debt Guru

If you’ve ever missed a payment or paid it late, you know that your credit card company is quick to charge a late fee – especially if this isn’t your first time. Consequence #5: Poor Credit. Credit card lenders report late (or skipped) payments to the credit bureaus. The first thing to do is contact your lender.

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Everything There Is to Know about Debt Settlement

Credit Corp

Essentially, debt settlement means making a deal with the organization or individual you owe money to. These deals typically consist of some type of agreement in which you’ll pay a lump sum by a certain date in exchange for your lender to reduce the amount of what you have to give them. Although some may be considered as a last resort.