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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » What is another downside to a late payment on a credit card?

What is another downside to a late payment on a credit card?

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A late credit card payment affects the consumer’s credit rating/score and credit history. Every default payment directly hits the score and this in turn makes it difficult for the consumer to apply for further credit, a new card or even a balance transfer.

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