Late payments on credit cards!
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sabina
Apprentice
Joined: 30 May 2006
Posts: 2
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 Posted: 05/05/08 - 05:36 Post subject: |
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| Hello everybody. My name is Anne and I would like to ask you something about my credit card. The thing is that I am late with my payments. Is there some penalty for late payments on credit cards? I heard that it can be pretty tough situation. Thank you in advance. |
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jefferson
Apprentice
Joined: 16 Jan 2008
Posts: 4
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| Posted: 06/03/08 - 22:53 Post subject: |
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| Hello Anne. Unfortunately, when you’re late with your credit card payments you have to pay the special charge. Until now, late payments were charged at the average rate of 25 pounds. Now I heard that they decreased the charge from 25 to 15 pounds. There’s an increase of interest rates in case you miss your payment. I know that in case of one credit card Company, if you miss one payment interest rate goes from 0 to 19% which is not negligible fact. In the end, it’s always better not to miss your credit card payments, although it can be very hard sometimes. That would be all from me. Bye! |
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