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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.
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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