What happens if I miss a credit card payment?

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What happens if I miss a credit card payment?

Rounding it up

  • Missing a credit card payment isn’t the end of the world, but you should take action immediately.

  • If you do miss a payment, you could be subject to additional interest charges, fees and penalties, and credit score hits.

  • The first thing you should do if you’ve missed a payment? Pay that bill ASAP, even if it’s just the minimum.

  • It’s important to understand why you missed your payment. Maybe you simply forgot or are having trouble paying bills; if it’s the latter, contact your lender for assistance.

7 min read

Dan Bucherer
#credit#credit cards#credit score#interest

Dan Bucherer

Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.

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