This topic is covered in-depth online, but there is a lot of truth in people ruining their credit scores due to missing monthly payments and paying their credit card bills past the due date. The late fees alone can accumulate and the amount of interest can grow.
Credit card debt is a nightmare of a problem for a vast majority of the American population. According to the Federal Reserve, in 2012 the average household carried just under $16,000 in credit card debt and approximately 56% of them had trouble making their monthly credit card payments.