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SolveYourProblem.com
Article Series: Debt Relief & Debt Consolidation
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Rid Of My Debt...NOW!
What If
You Miss a Credit Card Payment
There are three reasons that you might have missed a payment
on your credit card: either you can’t afford to pay, the
payment didn’t get there in time or you just plain forgot.
I sympathize: paying credit card bills is a surprisingly
difficult thing to do reliably and consistently. Sooner or
later, something is bound to go wrong.
Whatever happened, though, there’s one thing you need to do,
and quickly – get on the phone.
Phone and Grovel.
Apologize like you’ve never apologized before. Don’t panic,
stay calm, but make it clear to whoever you get through to
that you’re very sorry, and things like this never happen to
you. If you just forgot, then tell the truth about what happened
– and if you can’t afford to pay, then you should say that
too.
You will be surprised at how lenient credit card companies
usually are if you phone and apologize – after all, the sensible
ones want to keep you paying interest to them for a long time
to come, so it’s not really in their interest to punish you.
Remember to be very grateful when they let you off, and tell
them it won’t happen again. Whatever you do, don’t get angry
or frustrated. It’s you that’s in the wrong here!
You have to think and act like you’re a model customer, and
be willing to transfer your balance elsewhere as a punishment
for them if they won’t let you off this one mistake. Transferring
your entire balance to another card will make them sit up,
take notice, and start making you much better offers than you
ever got before.
Try to Keep It Off Your Credit Report.
You need to do everything you can to persuade them not to
add your late payment to your credit report, at least if you
want to apply for any credit in the next few years. Remember
that any late payment could be a black mark against your name
for as long as ten years.
On the other hand, if the worst happens and it does get onto
your credit report, don’t worry about it too much. As long
as there’s only one late payment, it doesn’t matter too much,
especially once a year or so has gone by. It’s the people who
consistently pay late who get the truly terrible credit ratings.
In the Future, Always Post Early.
This applies to those people whose payments didn’t make it
on time, but it’s good advice anyway – it saves you trying
to find money at the last minute. It is a bad idea to wait
until the day before the deadline to make your credit card
payment, as there are just too many things that can go wrong.
Also, it’s generally a bad idea to let bills of any kind stack
up until you get around to them, because bills aren’t fun,
and you just won’t. Pay your bills on the day you get them,
and you’ll live a much less stressful life.
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by SolveYourProblem.com
: 2006
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