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Reaping Your Rewards

Interactive: Life cycle of a delinquent credit card account

You owe money, and the constant phone calls and letters from debt collectors won’t let you forget it. The longer your debt goes unpaid, the more it changes hands — which means that your debt will continue to get priority status each time it’s sold.

In the interactive below, we’ll explain the ins and outs of the delinquent debt cycle. Click “Play” to see how it all works:

 

What’s up next?

In Reaping Your Rewards

Escaping co-signing: How to get out of a co-signed loan, credit card

Despite experts' advice, you did it anyway: You co-signed a for a loan or credit card. Now that you've wised up, can you escape? Maybe.

Published: November 19, 2009

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Credit Card Rate Report Updated: May 22nd, 2019
Business
15.61%
Airline
17.50%
Cash Back
17.60%
Reward
17.62%
Student
17.79%

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