Missed a payment? Let's talk!

Life gets busy and bills slip through the cracks – we’ve all been there. The good news?  A solid plan can keep those money goals on track.

‍

Missed payment decoded

A missed payment means you didn’t pay during your billing cycle. It may show up on your credit report, though it may be fixable!

‍

Missed vs late: know the difference

Late = Paid after the due date but before the billing cycle ends (may incur a late fee).
Missed = No payment by billing cycle end (can stay on your credit report for up to 7 years).*
Big difference.

Pro tip: A late payment may not hit your credit report, but don’t make it a habit. Bad habits can snowball – and that’s a slippery slope for your financial journey. Ouch.

‍

Dodge the financial drama

Bottom line? Avoid missed payments! A little planning goes a long way. Draft a financial plan that works best for you, and you’ll make money moves in no time.
Here’s how to stay ahead:

• Let AutoPay save you from a busy day
• Create a monthly budget to plan for debt payments
• Set up calendar reminders – they’re your secret weapons

‍

Your financial journey won’t always be linear, but one missed payment doesn’t mean game over! Plan ahead and stay consistent – your credit score will thank you later. You’ve got this!

‍

* ^{Experian, What’s the Difference Between a Late Payment and Missed Payment?}

^{Exeter Finance LLC is not a credit repair agency or licensed credit counselor. Exeter does not offer services to fix or improve credit scores. These tips above are intended for general educational purposes and should not be construed as legal, financial, or credit repair advice.}