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Debt Management

Interactive: Life cycle of a delinquent credit card account

Summary

The longer your debt goes unpaid, the more it changes hands. Learn the ins and outs of the delinquent debt cycle in this interactive presentation.

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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:

 

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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