If no payment is received by the due date on a credit account,

Name: If no payment is received by the due date on a credit account,
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

If no payment is received by the due date on a credit account, all of these actions may happen. The credit bureau may be notified of slow or non-payment, the company may begin collection efforts, and the cardholder may be declared in default. It is important to make timely payments to avoid negative consequences such as damage to credit score and penalties.

If No Payment Is Received by the Due Date on a Credit