What happens if you don’t pay credit card debt?
If you miss a credit card payment, you’ll likely need to pay a late fee, and you’ll be subject to a higher interest rate called a penalty APR. Your credit will take a hit once your payment is over 30 days late.
Your credit card company will send your debt to a collections agency if you don’t make payments. If you don’t pay a debt in collections, the debt collections agency can sue you.