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Consequences of Late or Missed Credit Card Payments

Making a late payment or missing a credit card payment can have serious consequences. Late payments can lead to late fees, increased interest rates, and negative impacts on your credit score. Over time, this can affect your creditworthiness and ability to secure future loans. Understanding these consequences is essential for managing credit wisely. In this lesson, we will also cover the 4 C's of credit and how to assess your creditworthiness through a "Good & Bad" chart. Let's discuss ways to maintain good credit habits.

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Consequences of Late or Missed Credit Card Payments

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  1. 5/1/13BR – p. 45 (NEFE) What are some of the consequences if you make a late payment or miss a payment on your credit card. Today: Continuing With Credit Assignment 4-1

  2. Let’s- Share Assignment 4-1 FAQ’s and CAQ’s- Create “Good & Bad” Chart- p.47 - Are you worthy?- The 4 C’s of Credit- 6 Questions to Ask..

  3. Credit: Good & Bad Good Bad

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