The Ugly Implications of Unpaid Credit Card Debt

Whether the reason is a layoff, a medical emergency or a pile of debt that is more than you can afford, struggling to pay credit card bills is a problem many people face. When you stop making credit card payments, you could not only be charged late fees and higher penalty interest rates but also take a hit on your credit. If your unpaid balance lingers for too long, your account may go to collections, and you could be served with a debt collection lawsuit. Read Full Article »