Daily Archives: 04/09/2018

Here’s What to Do When You Miss Your Credit Card Payment

 The consequences of missing your credit card payment or making the payment late are far-reaching, painful, and they make your best effort appear futile. You might have to deal with late fees, your creditor might increase your interest rate, and the late payment is recorded in your credit report.

The worst bit is that your credit score may drop and as we all know, trying to build your credit is one of the hardest things you have to do. In most cases, the late payment will be because of your forgetfulness rather than your inability to pay. If this has happened to you, this article outlines ways of dealing with late credit card payments:

Set up notifications or automate your payments

You don’t want to make the same mistake twice and if your issuer grants you your wish, consider setting up notifications or automating the payments. You could organize this …