By Odysseas Papadimitriou
Despite the fact that so many Americans have first-hand experience with credit card delinquency, it is actually mismanaged on a regular basis. Whether it's because they don't have the money or they're simply unsure of how to respond like a deer in a car's headlights, many consumers simply let their bills pile up around them, unopened. This is a key mistake because delaying action and ignoring the problem are the exact worst things you can do when it comes to credit card delinquency. Such principles become clear when you gain a firmer grasp of what delinquency actually is.
Delinquency merely denotes how late you are on your credit card payments. Credit card companies place you within different delinquency levels depending on how many days past due your payments are, and whether or not you move further into delinquency depends on how you approach your payments.
The first thing you must realize in actually combating delinquency is that paymentsRead More »from Don’t Be Delinquent in Learning About, Addressing Delinquency