This is a one of the methods of reducing your credit score. Actually Late credit card payments not only burden you with additional surcharges and fees, it will hurt to credit history very badly. According to credit report experts, poor payment history accounts for 35% of your total credit score. For instance even a single late payment can quickly reduce 100 credit points (reduce is easy but increase of credit point might take years). Also if you account carries a really large balance, it also send a bad signal to various lenders and creditors. If you don’t want to reduce credit ratings keep eye on this.
