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Effect of one late Payment on Credit Scores

Credit score plays an important role when it comes to loan approval and credit card application. If you do not have a good credit score, you might not get your loan or credit card application approved from the lender. And, it might become a nightmare for you if you don't clear your monthly credit card bills on time, which adversely affects your credit score. If you miss any of your payment or you make late payments, in that case also your score would get hampered. It depends upon how much late you have been in making your payment, i.e., 1 month late, 2 months late or more than that. It could even get worse when you keep on delaying your payment.




1) You can set up auto-pay that will help you make your payments on time before they fall due each month


2) Set up reminders that will help you to make timely payments


3) Make your payments weekly instead of doing it on a monthly basis, this will help you to get rid of your bill debt faster


So, these were some of the tips which will help you to make your credit card bills payment on time in a hassle-free manner so that your credit score would not get hit.


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