We all know we should pay our bills ON TIME.

Sometimes though, people just forget-- or have other reasons.

Beware: with all of the new rules, NOT paying at least your minimum payment on time, can COST you-- BIG time!

The reality is, creditors don't care about how much money you make, whether you’re having family problems or health issues. They want their money! That’s why the best advice is to never charge more than you can pay in full at the end of every month.

If you’re already in debt with credit cards-- like most of America is-- do whatever you can to pay it off as quickly as possible! But at the very least, even if you can only swing the minimum amount-- make those payments ON TIME!

It seems like credit card companies are just waiting for customers to slip up and be late so they can raise interest rates, charge fees or worse! Check out the specifics of what can happen from one of our favorite websites - Low Cards.com: Harsh consquences of a late payment