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The results of not paying this debt on time are that the company will charge a late payment penalty generally in. Credit card debt results when a client of a credit card company purchases an item or service through the card system.
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It was established as a joint venture incorporated as The Joint Credit Card Company Limited with Lloyds Midland and National Westminster banks each owning 30 and Williams Glyns owning 10.
. Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent. The Access name was registered as a trademark on 26 November 1971 1 and the product was launched on 23 October 1972.
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