2006-10-09 06:39:30 · 22 answers · asked by dempsey 1 in Business & Finance ➔ Personal Finance
You will be charged for late payment. (£12-£15)
2006-10-09 06:47:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You will be charged a late fee, your apr will go up and a negative filed on your credit report. This will show up if you try to buy a car, get a house loan, rent an apartment. If you truly can't make the minimum payment then contact Visa and see if you can work anything out.
2006-10-09 13:48:46 · answer #2 · answered by Proud to be an American 4 · 0⤊ 0⤋
You will get hit with late fees and higher interest rates. It's not good to not make a minimum payment. See if you can borrow the money from someone for the difference. Otherwise, you should see if you can return any of the things that you put on the credit card. Credit cards can be evil and get you in a world of finacial hurt if you don't know how to use them proparly. I have only one credit card with a small limit. I only use it for gas and small normal charges so I can pay it off every month.
2006-10-09 13:48:29 · answer #3 · answered by Aubrey's mommy 5 · 0⤊ 0⤋
You will get charged a late payment fee plus additional interest; but what is worse is that it will send your credit rating down the pan. If I were you I would try and look for a way of at least making that payment or you may be starting a life of gradual credit misery that could last for years to come. Once it starts it gets worse. Don't allow it to start!
2006-10-09 13:51:20 · answer #4 · answered by joechuksy 3 · 0⤊ 0⤋
Definately contact them by phone and explain. See if they will allow a one time no payment for one month. Once you don't pay the minimum they can raise your interest rate which really hurts if there is a substantial debt on the card. Stop using the credit card and pay the thing down.
2006-10-09 13:51:57 · answer #5 · answered by The Scorpion 6 · 0⤊ 0⤋
If you feel like you're drowning in debt, get help. There are a number of ways to deal with debt and the sooner you can get started, and get control over your debt, the less control your debt will have over your life. For temporary relieve call the company which issued you visa and ask for the extension of the dead line for payment. They sometimes will give you more time up to one month.
2006-10-09 13:52:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No/Late payment fee followed by you being reported to a credit reference agancy if you made it a reular thing.
My advice is to make the minimum amount you can pay possible and call them to explain.
2006-10-09 13:46:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Contact them and tell them before it happens - everyone has some crap in their lives at some stage.
If you get through to an off-shore call-centre, hang up and send a letter instead. Johnny-foreigner doesn't want to help you, he wants to report another call dealt with.
A REAL person will think giving you time to get over whatever your short-term problem is will be more likely to result in you staying a customer.
2006-10-09 13:48:19 · answer #8 · answered by Anonymous · 0⤊ 0⤋
You will be charged a late payment fee in most cases
2006-10-09 13:44:12 · answer #9 · answered by MGN2006 4 · 0⤊ 0⤋
You should contact them sometimes they can come to an arrangement with you which means you are not classed as missing a payment, but all company's are different.
2006-10-09 13:48:22 · answer #10 · answered by sexyass 3 · 0⤊ 0⤋