Credit

Quick summary Detail Value Grace period (interest) ~25 days after statement (credit cards) Late fee Up to $40 Penalty APR Up to 29.99% (varies by account) Credit reporting 30+ days past due reported to bureaus Account restriction Charge cards: immediate; credit cards: 30–60 days Account closure / charge-off ~180 days past due Source verified May 2026 American Express has two product types This is critical: Amex offers two different products that behave very differently for non-payment. ...

Quick summary Detail Value Grace period (interest) ~25 days after statement (purchases only) Late fee Up to $40 Penalty APR Up to 29.99% (varies by account) Credit reporting 30+ days past due reported to bureaus Account restriction Within 30–60 days past due Account closure / charge-off ~180 days past due Source verified May 2026 How Bank of America credit card billing works Bank of America issues a wide range of consumer credit cards (Cash Rewards, Travel Rewards, Premium Rewards, BankAmericard, Customized Cash, and various co-brand cards). All BoA consumer credit cards follow the same general non-payment rules. ...

Quick summary Detail Value Grace period (interest) ~25 days after statement (purchases only) Late fee Up to $40 Penalty APR Capital One generally does not apply a penalty APR Credit reporting 30+ days past due reported to bureaus Account restriction Within 30–60 days past due Account closure / charge-off ~180 days past due Source verified May 2026 How Capital One credit card billing works Capital One issues a wide range of consumer credit cards including Venture, Quicksilver, Savor, Platinum, Spark Business, and various co-brand cards. All Capital One consumer credit cards follow similar non-payment rules. ...

Quick summary Detail Value Grace period (interest) ~21 days after statement (purchases only) Late fee Up to $40 Penalty APR Up to 29.99% (varies by account) Credit reporting 30+ days past due reported to bureaus Account restriction Within 30–60 days past due Account closure / charge-off ~180 days past due Source verified May 2026 How Chase credit card billing works Chase issues a wide range of credit cards (Chase Freedom, Chase Sapphire, Chase Slate, co-brand cards like Amazon Prime Visa, Southwest, United, etc.). All Chase consumer credit cards follow the same general non-payment rules. ...

Quick summary Detail Value Grace period (interest) ~21–25 days after statement (purchases only) Late fee Up to $41 Penalty APR Up to 29.99% (varies by account) Credit reporting 30+ days past due reported to bureaus Account restriction Within 30–60 days past due Account closure / charge-off ~180 days past due Source verified May 2026 How Citi credit card billing works Citi (Citibank) issues a wide range of consumer credit cards including Citi Double Cash, Citi Custom Cash, Citi Premier, Citi Rewards+, and many co-brand cards (Costco Anywhere Visa, American Airlines AAdvantage, Best Buy, etc.). All Citi consumer credit cards follow the same general non-payment rules. ...

Quick summary Detail Value Grace period (interest) ~25 days after statement (purchases only) Late fee — first miss $0 (first late fee waived) Late fee — subsequent Up to $41 Penalty APR Discover generally does not apply a penalty APR for one missed payment Credit reporting 30+ days past due reported to bureaus Account closure / charge-off ~180 days past due Source verified May 2026 How Discover Card billing works Discover issues consumer credit cards including Discover it Cash Back, Discover it Miles, Discover it Chrome, and various secured and student card products. Discover is unusual in that it issues, processes, and services its own cards (most issuers use Visa or Mastercard networks). ...

Quick summary Detail Value Grace period (typical) 30–60 days before first collection action Collections referral Typically 90–180 days past due Credit reporting (post-2023 rules) Paid medical debt not reported; unpaid under $500 not reported; unpaid $500+ reported only after 365 days Source verified May 2026 Medical bills are different from other debts Medical bills in the US have special protections that don’t apply to most other debts: No Surprises Act (federal): Protects against many forms of surprise out-of-network billing State medical debt protections: Vary widely; some states cap interest, regulate collection practices, or prohibit certain reporting Credit bureau medical debt rules (Equifax, Experian, TransUnion): Per major credit bureau policy changes: Paid medical collections are not reported Unpaid medical collections under $500 are not reported Unpaid medical collections of $500 or more are only reported after the debt has been delinquent for at least one year (vs. ~6 months for other consumer debt) Source: Consumer Financial Protection Bureau (CFPB) medical debt guidance — consumerfinance.gov/about-us/blog/medical-bills-on-your-credit-report; No Surprises Act — cms.gov/nosurprises ...

Quick summary Detail Value Grace period Varies by lease and state (typically 3–10 days) Late fee Per lease (typically $25–$100 or % of rent) Notice to pay or quit Typically 3, 5, or 14 days (state-specific) Eviction filing After notice period expires Eviction process 30 days to several months (state and court-specific) Credit reporting Via collections for unpaid balance and rental databases Source verified May 2026 Eviction is a court-driven legal process Unpaid rent is unlike most other unpaid bills because it can result in eviction — a legal process to remove you from the property — through a court action initiated by your landlord. ...