Payment

If You Miss A Monthly Credit Card Payment, Here’s What Happens

The first thing customers will face when missing a credit card payment is a late fee. These fees can vary depending on your cardholder agreement, and the credit card issuer’s policies. Legally, credit card companies can only charge certain amounts for late fees. For instance, a first-time late payment can only be charged a fee of

What Happens When You Only Make The Minimum Payment On Your Credit Card

Terms vary widely, but most credit cards offer some riff on the same Faustian bargain: Spend money you don’t have and pay it back in 30 days, or else get charged double-digit interest on the outstanding balance. If you fail to make even the minimum payment, you will be subject to additional fees right on