Most people in the Landover area have at least one credit card. According to Experian, the average American has four credit cards. This can be a problem if a person is not able to pay their credit card each month. But what really happens when a credit card goes unpaid?<\/p>\n\n\n\n
When a person misses the due date of their credit card bill the credit card company will impose a late fee. A credit score can also be affected as a person\u2019s on-time payment history would have a mark on it.<\/p>\n\n\n\n
When a person goes two to three months without paying their credit card bill the penalties keep adding up. The credit card company will typically turn off the credit card, not allowing a person to make additional charges. The interest rate may go up to 29.99 percent and a credit score will be affected. The credit card company will also start making frequent phone calls.<\/p>\n\n\n\n
By this point, a credit card company will most likely charge off the debt. This means that the debt will be sent to a collection agency who will then work to recoup the money. Once this happens, a person\u2019s credit score can be ruined. The IRS will also send out a tax form requiring a person to pay taxes on the canceled debt.<\/p>\n\n\n\n
Those who are facing insurmountable credit card bills may want to speak with a legal professional who is skilled in bankruptcy. An attorney understands that their client is at a tough point at their lives and can help them understand their legal options.<\/p>\n","protected":false},"excerpt":{"rendered":"
Most people in the Landover area have at least one credit card. According to Experian, the average American has four credit cards. This can be a problem if a person is not able to pay their credit card each month. But what really happens when a credit card goes unpaid? The first month of not […]<\/p>\n","protected":false},"author":1,"featured_media":2866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[67],"class_list":["post-2854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-credit-card-bills"],"_links":{"self":[{"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/posts\/2854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/comments?post=2854"}],"version-history":[{"count":2,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/posts\/2854\/revisions"}],"predecessor-version":[{"id":2927,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/posts\/2854\/revisions\/2927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/media\/2866"}],"wp:attachment":[{"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/media?parent=2854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/categories?post=2854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abogados-maryland.com\/en\/wp-json\/wp\/v2\/tags?post=2854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}