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- Credit_card_debt abstract "Credit card debt is an example of unsecured consumer debt, accessed through credit cards.Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent.The results of not paying this debt on time are that the company will charge a late payment penalty (generally in the US from $10 to $40) and report the late payment to credit rating agencies. Being late on a payment is sometimes referred to as being in "default". The late payment penalty itself increases the amount of debt the consumer has.When a consumer has been late on a payment, it is possible that other creditors, even creditors the consumer was not late in paying, may increase the interest rates the consumer is paying. This practice is called universal default.Research shows that people with credit card debt are more likely to forgo needed medical care than others, and the likelihood of forgone medical care increases with the magnitude of credit card debt.".
- Credit_card_debt wikiPageID "1471699".
- Credit_card_debt wikiPageRevisionID "604474389".
- Credit_card_debt hasPhotoCollection Credit_card_debt.
- Credit_card_debt subject Category:Credit_cards.
- Credit_card_debt subject Category:Debt.
- Credit_card_debt type Abstraction100002137.
- Credit_card_debt type Assets113329641.
- Credit_card_debt type Communication100033020.
- Credit_card_debt type ConsumerCredit113374426.
- Credit_card_debt type Credit113378518.
- Credit_card_debt type CreditCard113376012.
- Credit_card_debt type CreditCards.
- Credit_card_debt type CreditLine113379413.
- Credit_card_debt type Evidence106643408.
- Credit_card_debt type Identification106885083.
- Credit_card_debt type Indication106797169.
- Credit_card_debt type Open-endCredit113375323.
- Credit_card_debt type PositiveIdentification106885389.
- Credit_card_debt type Possession100032613.
- Credit_card_debt type Relation100031921.
- Credit_card_debt comment "Credit card debt is an example of unsecured consumer debt, accessed through credit cards.Debt results when a client of a credit card company purchases an item or service through the card system.".
- Credit_card_debt label "Credit card debt".
- Credit_card_debt sameAs m.05457c.
- Credit_card_debt sameAs Q16241295.
- Credit_card_debt sameAs Q16241295.
- Credit_card_debt sameAs Credit_card_debt.
- Credit_card_debt wasDerivedFrom Credit_card_debt?oldid=604474389.
- Credit_card_debt isPrimaryTopicOf Credit_card_debt.