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What Happens If You Don’t Pay Your Credit Card?


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1 Information from Equifax’s “When late payments show up on credit reports?” as of January 9, 2024: https://www.equifax.com/personal/education/credit-cards/articles/-/learn/when-late-credit-card-payments-post/

2 Information from the Federal Reserve’s “Credit card rules” as of January 14, 2025: https://www.federalreserve.gov/consumerinfo/wyntk/wyntk_ccrules.pdf

3 Information from Federal Register’s “Credit card penalty fee’s (Regulation Z)” as of January 10, 2024: https://www.federalregister.gov/documents/2023/03/29/2023-02393/credit-card-penalty-fees-regulation-z

4 Information from Equifax’s “Charge Off Faqs” as of January 10, 2024: https://www.equifax.com/personal/education/credit/report/articles/-/learn/charge-offs-faq/

5 Information from FindLaw’s “What should I do if I’ve been sued for debt”” as of January 9, 2024: https://www.findlaw.com/bankruptcy/debt-relief/what-should-i-do-if-i-ve-been-sued-for-debt.html

6 Information from Equifax’s “How to negotiate debt with your lenders” as of January 10, 2024: https://www.equifax.com/personal/education/debt-management/articles/-/learn/negotiate-debt-with-lenders/

7 Information from Equifax’s “How long does information stay on my Equifax credit report?” as of January 9, 2024: https://www.equifax.com/personal/education/credit/report/articles/-/learn/how-long-does-information-stay-on-credit-report/

8 Information from Experian’s “Can you close a card with a balance?” as of Janurary 14, 2024″: https://www.experian.com/blogs/ask-experian/can-i-close-credit-card-with-balance/

9 Information from Nolo’s “The new bill collector tactic: jail time” as of January 14, 2024

10 Information from Nolo’s “What can creditors do if you don’t pay?” as of January 9, 2024: https://www.nolo.com/legal-encyclopedia/free-books/small-business-book/chapter4-4.html#

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