What actually happens to you if you don't pay the interest fees that are tacked on to your credit card and other loans? Do the banks continue to harass you or does it just cost you your credit score to plummet? I'm curious because I'm currently paying off a Care Credit bill, and despite the fact that I do work in a bank I work in processing and I'm still learning about financial topics since public schools don't do a good job teaching students about the truth.
What truly happens if you don't pay interest fees?
You might also like...
More in This Category
Do you like to use credit card or debit card?
Nomad
5
464
From the blog
Why Modern Monetary Theory Is Not Factual — Expanded Evidence from Institutions, Data, History, and Formal Tests
MoneyMan
103
More in This Category
Banking—A Business Model That’s Hard to Beat
MoneyMan
3
291
From the blog
Study Tools Upgraded to Learning Dashboard
MoneyMan
103
More in This Category
When Paris Went Hungry Under Government Food Controls
MoneyMan
3
366
From the blog
Myth vs. Reality
MoneyMan
276
More in This Category
Is it worth hiring a financial advisor?
Ravenfreak
6
607
From the blog
Bank of England
MoneyMan
156
Personal Learning
My Learning Dashboard
Personal Learning
No curriculum lesson detected
Notes, bookmarks, and overall learning progress are still available from this page.
Explore the Academy →
Learning Notes
Current Page
Saved on this device
0 characters
Bookmarks
Saved for Later
0
0 saved resources
Save this page so you can return to it from your Learning Dashboard.
Your Saved Material
Dashboard + Knowledge Navigator
Saved for Later
No bookmarks yet
Bookmark the current page here or save material in the Knowledge Navigator and it will appear here.
Unit 1
Monetary Education
0%
Continue Learning
Continue Lesson
Curriculum Progress
Progress updates automatically
○ Not Started
◐ In Progress
✓ Complete