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What will happen if I don’t pay my credit card bills?

What will happen if I don’t pay my credit card bills?

Credit Cards | July 7, 2010 at 1:47 am | 46 comments

Question: What will happen if I don't pay my credit card bills? Answer: The first thing that happens is a derogatory remark of late payment goes on your credit file when you are 30 days, 60 days, and 90 days late. Your credit score is based 33 percent on payment history, so any late payments are a serious matter and can jeopardize new credit, insurance rates and sometimes even job...

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