Credit cards can be helpful if used correctly. They provide an avenue to good credit, allow you to rack up rewards and more. However, if you’re misusing them — specifically, paying late, missing payments or racking up more and more debt on a monthly basis — credit cards can be equally harmful. Paying your credit card bill in full each month sounds like a simple concept, so perhaps you think missing a payment here or there isn’t a big deal. Well, here are some of the ways a late or missing payment can hurt you.
Time is Of The Essence
How late credit card payments can hurt you