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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. Consequence #2: Penalty APR.

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Everything There Is to Know about Debt Settlement

Credit Corp

The average American home owes around $6,270 in credit card debt. You may also be relieved to hear that you’re not out of options if you have past due debt. Essentially, debt settlement means making a deal with the organization or individual you owe money to.