0
1. Bad credit score. 2. Higher interest rate for card balance payments. 3. Late payment penalties. 4. Collection and legal fees added to balance. 5. Lawsuit for debt collection, including legal fees and costs, and statutory interest added to your balance. 6. If judgment not paid within (usually) 30 days, more legal procedures and fees to collect on the judgment, plus statutory inerest. 7. Really bad credit score. File bankruptcy and avoid all this. Debt consolidation will NOT prevent any of thses things.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
how can i get help paying my credit cards and hospital bills?
help paying credit cards
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance .
What is an Example of good credit?
Paying off all credit cards each month Paying off all credit cards each month
What is an example of exhibiting good credit?
Paying off all credit cards each month Paying off all credit cards each month
Can paying off credit cards increase your credit score?
Yes off course. Paying off any debts will increase your credit score.
How can one find advice on how to pay off credit cards?
Paying off credit cards is the first step to a debt-free life. For tips on paying off all of your credit cards, check out websites like The Motley Fool or Money Girl.
How do credit cards build credit?
Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.
Where can one find information on paying off credit cards?
Information about paying off credit cards can be found on sites that deal with credit problems. There you can find places to go to to help pay off your credit card debt within your budget.
Do Kwick Fit centers accept credit cards?
Yes, Kwick Fit centres do accept credit cards. Be sure to let the cashier know that you're paying by credit but most of the time they will ask you what method you're paying with.
What are some tips when applying for credit cards?
Some tips for for when applying for credit cards are: making sure your credit score is good, being sure how you'll pay off your credit cards, avoiding store cards, and paying attention to your rate.
Why do you have to have credit cards with balances on them to get a mortgage?
to show how repsonsible you are at paying your bills
What are the effects and consequences of not paying off credit card debt?
What are the possible consequences of not being able to pay monetary judgments against you.
