default interest rate

Close-up of a document showcasing a late payment notice and minimum payment information beside a check.

Will a Late Payment Hurt My Credit Rating?

Q: If I am a little late with a credit card payment, do you automatically get late fees, a higher interest rate or will it hurt my credit rating? A: You should try your very best to be timely with all your credit card payments, because if you are late on a bill, you do […]

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A red zigzag arrow pointing upwards, with percentage symbols integrated into the bends, indicating an increase in the default interest rate, against a white graph paper background.

Will My Credit Score Be Hurt By a High Default Interest Rate?

Q: If you were to hit  a high default interest rate on a 0% interest intro credit card; will it place a negative mark down on your credit report? A: If I understand your question, you had a credit card with a teaser rate of 0%, but then were late on a payment and it

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