The typical delinquency period before a credit card debt defaults is around 6 months

The typical delinquency period before a credit card debt defaults is around 6 months Credit Cards While most credit card companies allow one late payment before penalizing card holders, missing multiple bills can ding a credit score by as much as 125 points. Additionally, card companies can add a late fee of $35 to $40, …

The typical delinquency period before a credit card debt defaults is around 6 months Read More »