What are the consequences of not paying my credit card bill on time?

If you fail to make your credit card payment on time in the state of Delaware, you could face serious consequences. If you are more than 30 days late in paying your bill, your credit card company can report your late payment to the 3 major credit bureaus, hurting your credit score. This can make it difficult for you to take out loans or access other financial services in the future. Additionally, your credit card company can charge you a late fee for missing your payment. This late fee can be up to $39 depending on your bill amount. Your credit card company may also raise your interest rate. This means you will be paying more money on your card, since the amount of interest you are charged for using your credit card will be higher. Furthermore, if you fail to make payments for several months, your credit card company may legally take collection actions against you. This could involve sending out legal notices, taking you to court or even garnishing your wages. In order to avoid the penalty of missing a credit card payment, it is important to always pay your bill on time. If you think you will miss the deadline, contact your credit card company as soon as possible to discuss payment options.

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What are the consequences of not paying my credit card bill on time?

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