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If a balance is due and your monthly payment is not received, you will be charged a late fee. The amount of the fee is different for each Financial Institution and will be stated in your card member agreement. A report will be sent to the credit information companies (Equifax, Trans Union, Experian) 30 days after the delinquency, if not paid.

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Q: What happens if you don't pay on a credit card?
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It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.


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