answersLogoWhite

0


Best Answer

your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian.. your credit will be screwed... and it will take a long time to get good credit agian..

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happens if you stop paying your credit card bill?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What happens if someone stops paying their credit card bill?

If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.


What happens if you stop paying on a credit card?

they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you


How can I prevent my credit card from being declined?

You can prevent your credit card from being declined by paying your bill on time and not exceeding your credit limit.


Avoiding paying credit card what should you do?

pay the bill before you get arrested


If you pay less than minimum amount on credit card what happens?

You do not want to waste you time paying less than the minimum on your credit card. Paying less than the minimum is like paying the bill late. It won't count. For example, if they ask for a minimum payment of $10 and you pay only $9 the credit card company will bill you a late charge then your finance charges will go up by the following month! This will cause you unnecessary problems. Avoid this by always paying the minimum at least. Do not waste your time paying a bill if it's not the right amount. Pay at least the minimum amount. Always! If the credit card asks you for a minimum payment of $10 and you only pay $9.99 , the payment will not count. You will create problems for yourself! What happens is they will add a late charge to your card. It's like not paying at all. Also, they can add higher finance charges! avoid this for yourself.

Related questions

What happens if someone stops paying their credit card bill?

If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.


What happens if you leave Australia and move to Europe without paying your credit card bill?

you die!


What happens if you stop paying on a credit card?

they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you


What actions would improve your credit score?

paying off your credit card bill


How can I prevent my credit card from being declined?

You can prevent your credit card from being declined by paying your bill on time and not exceeding your credit limit.


Can i buy a Walmart gift card at Walmart using my Walmart credit card?

You should be able to do this. Usually the only issue is paying a credit card bill with a credit card.


Can i buy a Lowe's gift card at Walmart using my Walmart credit card?

You should be able to do this. Usually the only issue is paying a credit card bill with a credit card.


Avoiding paying credit card what should you do?

pay the bill before you get arrested


What if you didn't get the credit card bill in time?

Most likely, you will have to pay a fee for not paying the bill on time.


How does one go about paying a bill online?

One goes about paying a bill online by going to the website where the bill is due and clicking on the pay now button and then paying by check or credit card.


If you pay less than minimum amount on credit card what happens?

You do not want to waste you time paying less than the minimum on your credit card. Paying less than the minimum is like paying the bill late. It won't count. For example, if they ask for a minimum payment of $10 and you pay only $9 the credit card company will bill you a late charge then your finance charges will go up by the following month! This will cause you unnecessary problems. Avoid this by always paying the minimum at least. Do not waste your time paying a bill if it's not the right amount. Pay at least the minimum amount. Always! If the credit card asks you for a minimum payment of $10 and you only pay $9.99 , the payment will not count. You will create problems for yourself! What happens is they will add a late charge to your card. It's like not paying at all. Also, they can add higher finance charges! avoid this for yourself.


What are some tips on credit card bill payoff?

Some tips on paying off credit card bills include paying more than the monthly minimum, setting a budget, and consolidating debt. Experts agree that paying off the credit card with the highest interest rate is a good first goal.