How Does A Missed Payment Affect Your Credit Score?
Have you been late making a credit card payment, or missed a payment all together? Don’t panic. While your credit score will be affected by late or missed payments, it’s not the end of the world.
Dannie Place from VantageScore Solutions has some insight on how your credit score is affected and tips to rebuild it after a missed or late payment.
Here are some of the topics she talks about in the video:
- The difference between the first missed payment and reoccurring late or missed payments
- How missing a credit card payment is different than missing other payments
- An easy way to avoid missing a payment or being late
Did you know Honor partners with VantageScore to let members view their credit score at any time for free in Online Banking?