What can happen if I make late payment?

What are the consequences of making late credit card payments?

2 Answers

Good afternoon.  It is important to read the contract you signed with the company to know the interest or penalty for being late with a payment as they will report the account as being 30 days delinquent on your credit report.  You can always contact the creditor to mention your hardship to see if they are willing to work with you to get back on track.

You'll have to pay additional fees. Your credit score will drop. 

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