Will your credit card be canceled if you don’t pay your credit card bills on time?

Credit card

Users with credit cards can make purchases and other transactions on credit, allowing them to spend money today and make payments later. Your transactions are initially paid for by banks or credit card companies, and you eventually have to reimburse them for their fees. You can choose MobiKwik to do your Payment by HDFC credit card or any other for simpler, faster and more transparent payments. You become a credit card defaulter when you fail to pay the spent amount on time (also known as credit card billing cycle), which is sent to you as a credit card bill. There is hope even if you default on your credit card. You need to deal with the repercussions of being a credit card defaulter and adhere to the procedures that will boost your credit score to get you back on track.

What if you can’t pay your credit card bill?

  • It is possible for anyone to miss a credit card payment. But being aware of the potential repercussions can be helpful.
  • Your credit card provider may notify you that a payment is overdue if you forget to do so.
  • These can be expressed by phone calls, e-mails, letters or SMS.
  • In addition, late fees may be charged.
  • Additionally, late fees may increase if a subsequent payment is late within a few billing cycles.
  • See the late fee details in your credit card terms and conditions for the exact amount.
  • However, missed payments could result in more than late fees.
  • If you don’t make the repayment due within sixty days of the deadline, your card issuer may raise your interest rate.
  • Your credit scores can drop depending on how many late payments you make.

What if you couldn’t pay your credit card for a few months?

  • Some credit card companies may not report accounts that are only a few days overdue. However, you may still be charged late payment fees.
  • Late payments may be notified to the credit bureaus after 30 days.
  • If 60 days have already passed since your last credit card paymentthe lender may add an annual percentage rate (APR) penalty to your account, depending on your lender and the terms of your account.
  • Every 30 days, card issuers typically disclose late payments.
  • Late payments are one of many variables that affect credit scores. However, the longer the payment is delayed, the worse the impact on your credit score.
  • At any time, card issuers may refer your account to a third-party collection agent or their own collection service for collection.

What if credit cards never get paid?

  • A credit card company is required to debit an account when it is 180 days past due.
  • The account was permanently closed and written off.
  • However, you will continue to be responsible for any debt you owe.
  • Your lender may attempt to collect the debt in several ways.
  • Using the lender’s collection division or a third-party collection agent is one of those options.
  • Remember that charge-offs can last up to seven years on your credit report.
  • And it could impact how lenders assess your future loan or credit card applications as well as your credit scores.
  • Some card issuers might be willing to work with you if you’re having trouble making payments.
  • It is essential to inform your credit card company of what is happening as soon as possible.

What if you can’t pay your credit card bill?

  • Even if you cannot pay the full amount and try to settle the minimum amount, credit cards will allow you to pay the minimum amount due in order to maintain the functionality of the card.
  • The best resource for support is your bank, so talk to them: Pick up the phone and call your bank if you think you won’t be able to make the minimum monthly payment.
  • The simplest and most sensible thing you can do is stop using your credit card. You should refrain from using a credit card if you are already having trouble settling your payments.
  • Choose a balance transfer. It allows you to transfer your current credit card debt to another account with a lower interest rate as part of your debt management plan.


Manufacturing Payment by HDFC credit card or any other using MobiKwik is an efficient way to pay your credit card bills in a safe, secure and convenient way. Credit card debt carries a significant level of risk. If not treated carefully, it can lead to some pretty terrible conditions. To ensure that you pay your credit card bills on time, make sure you have an effective debt management system in place. Talk to your credit card company as soon as possible if you notice you’re having trouble paying off your debt.


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