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What happens when you can’t pay your credit card?
Posted on 12 Jan 2010 - Permalink
If you can't pay your credit card or you have used the maximum credit limit on your card, you will incur further interest and charges.
If you have been unable to keep up minimum payments you will be incurring extra interest and charges even though you are not using the card.
It is very important to talk to your bank or financial institution. Getting another credit card will not fix the problem.
For further information about managing credit card debt go to the Financial Counselling page and download What happens when you can't pay your credit card?