Term: late fee
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What Happens When You Miss a Credit Card Payment?

By Steven Shaw on 12/18/2014

credit card payment

Uh-oh! You just received your credit card statement, and it shows large interest rates and fees that you didn’t expect. And in bold letters, you are informed that it is because you missed a payment.

At this point, several things may be happening to your account. Here’s a rundown.

Credit Card Payment
credit score
late fee