Friday, June 17, 2011

Missing the Payment on a Credit Card just One Time!!

What happens if you miss the minimum payment on a credit card just one time?

They will charge you a late fee (usually $39), they will charge you interest &, if you had a really nice introductory interest rate, they'll also jack it up to, like, 21%. Oh, and the past payment PLUS your next payment PLUS the late charge will all be due on your next payment date.

If you had a good reason that you missed the payment and have a good credit history, you can call up and complain and they'll take it off. But, if you don't have good credit and this one of many blunders, they'll ignore you.


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