What happens when a consumer defaults payment for a... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » What happens when a consumer defaults payment for a month?

What happens when a consumer defaults payment for a month?

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One must understand that a default payment will only add to the debt. Although most banks charge a late payment fee for late payment fee, however one is expected to make the payment to avoid further complications with the bank or other legalities.

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