asked 234k views
3 votes
What will happen if you miss a monthly credit card payment?

asked
User Rony SP
by
8.4k points

1 Answer

1 vote
There are several consequences that you may face if you miss a monthly credit card payment, and here are some of them:
1. You can be charged late payment fees.
2. You may face having the interest rate on your card raised to the penalty rate.
3. Your late payment may be added to your credit history and can end up affecting your credit score.
answered
User Jsiirola
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.