Pay
Off Credit Cards
by S.McMinn
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What is credit
card debt? Basically just that it is a debt
that happens when you use your credit card
and you cannot pay the company back on what
you have spent. |
When you miss a payment
or are late with a payment the credit card company
then adds a late payment
Fee therefore making
your balance higher than it was originally therefore
making it harder to pay back.
Normally if this happens
the company will then report you to a credit rating
agency, therefore affecting your credit history.
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