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Posted in: Financial Education
The Lifecycle of Debt: What Happens When You Miss a Payment
When you miss a payment on a credit card account, your account delinquency grows in severity the longer the payment goes unpaid. Learn what happens when you miss a credit card payment.
The Lifecycle of Debt: The Value of Your Debt to Creditors
As debt ages and moves through the debt lifecycle the value of the accounts drops in value the older the debt becomes. Learn the value of your debt to debt collectors.
Understanding the Difference Between Delinquency and Charge Off
Credit Card Account delinquencies and chargeoffs can severely impact your credit score. Learn how they differ and how to avoid them.
How to Protect Your Credit Score if The Bank Reduces Your Credit Limit or Closes Your Account
What you should do if your account is closed or your credit card company lowers your credit limit.
Why Your Credit Card Debt Grows So Fast
Massive credit card debt can sneak up on you. Small dollar purchases and daily compounding interest add up quickly.