Credit card debt
id:
credit-card-debt-181-17136428
title:
Credit card debt
text:
Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent. If the debt is not paid on time, the company will charge a late-payment penalty and report the late payment to credit rating agencies. Late payment is sometimes referred to as "default". The late-payment penalty increases the customer's total debt.
brand slug:
wiki
category slug:
encyclopedia
description:
Form of consumer debt
original url:
https://en.wikipedia.org/wiki/Credit_card_debt
date created:
2005-02-06T04:24:00Z
date modified:
2024-09-06T00:32:31Z
main entity:
{"identifier":"Q16241295","url":"https://www.wikidata.org/entity/Q16241295"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/4/42/Credit_Card_Debt_in_the_US.png","width":1048,"height":1526}
fields total:
13
integrity:
16