Credit Card Question & Answer
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
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?

Answered by , at
Add to Favorites:

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.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Guaranteed $500 Unsecured Credit Limit
For Bad Credit
Monthly reporting to the three major credit bureaus
For Bad / No Credit
Apply Now and Get a $500 Credit Line or More Today
For Any Credit

Other Questions in
Limited/Bad/Fair Credit