A person sits on the floor holding credit cards in their hand with scattered papers and a calculator.

What Happens If I Can’t Pay My Credit Card?

7 min read
Last Updated: November 13, 2024

Key Takeaways

  1. A missed credit card payment can happen to anyone, but it’s helpful to know about the potential costs to your finances.
  2. A missed payment may result in late fees and increased interest rates, which cost you more money overall.
  3. A missed or late payment typically shows up on your credit report and may impact your credit score.

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