I checked out the card disclosure page which has to show all of the fees and there is nothing
about late payment fees or rate hikes.
There really isn't much you can do
about late payments on your credit report, so an area that many people attempt to correct is any old unpaid collection accounts.
The odd
thing about late payments is that if your credit is already bad and you routinely pay late, one late payment will only drop your score approximately 30 points.
It's not
just about late payments or unpaid accounts — a low credit score might indicate that credit bureaus simply don't have enough information to go on.
Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including
information about late payments and bankruptcy.
However, concerns
about late payments by clients has receded markedly since the recession as law firms get tougher about chasing payments.
If you fail to pay your minimum payment within the due date you will be charged with late fees and if the due date exceeds to 60 days your interest rate is enhanced and the credit bureau is
informed about your late payments.
One sour note: French small contractors were complaining
bitterly about late payments by EuroDisney — but the magic of Disney is likely to be around for a while.
When we asked
Santander about late payment and non-sufficient funds fees, a representative from the bank told us those would be disclosed in the loan agreement.
You may want to add a note to your credit
file about the late payments, explaining that you didn't know about the balance and that you paid it as soon as you found out.
Multiple credit card accounts will also reduce your credit score, both as part of the formula for calculating credit worthiness and by negative
information about late payments being submitted to the credit reporting bureaus.
Set up an auto - payment option with your bank or credit union to have your loan bill deducted from your account every month, then you don't have to worry
about late payment fees.
Because it's a debit card and the money for your purchases is deducted at the time of sale, you don't have to stew over high interest rates or
worry about late payments to the bank.
And yet because the information
about late payments is so granular, a single late payment out of many is not as likely to drop your scores as much as it would on personal credit.
A credit history or report is a record of a person's financial borrowing, including information
about late payments and bankruptcy.
Identity - theft experts have found that victims learn about the crime only when the financial institution calls
them about the late payment, they receive written notification of a late payment, or a marshal shows up at their home to evict them.
Information
about late payments and collection actions occurring on open and closed credit accounts