Person holding a credit card and phone while reviewing credit card payments on a laptop

What Happens If You Stop Paying Credit Cards?

If you stop paying credit cards, the account may move from late fees and lost account privileges to delinquency, credit reporting damage, charge-off, collections, settlement offers, lawsuits, judgments, and possible wage garnishment depending on the creditor, state law, and how […]

Woman holding a credit card and phone while reviewing a credit card bill

What to Do If You Can’t Pay Your Credit Card Bill

If a credit card bill cannot be paid, the cardholder should first figure out what payment is realistically affordable, then contact the credit card issuer before the due date if possible. The issuer may offer a temporary hardship plan, reduced