Whatever the reason, the first thing to do is to contact your card provider and explain the situation.
Here is what’s going to happen: You will probably be charged a penalty fee and the missed payment which remember only needs to be the minimum, will be recorded on your credit file.
Perks taken away
Contact your credit card provider
If the missed payment is just an oversight, make that payment now, to avoid any further action from the credit card provider.
Don’t bury your head in the sand
If you can’t make even the minimum repayment, you should still contact your credit card provider and explain your situation .
If you’ve got a good repayment history, you should be able to arrange a date when you can cover it.
Don’t struggle in silence, get help
Ignoring the debt will only make things worse. If you are struggling financially, you can contact a debt charity and get free advice; Some numbers are on the screen now.
0808 808 4000
0800 138 111
DEBT ADVICE FOUNDATION
0800 043 40 50
So if you’ve missed a credit card payment, don’t ignore it, tackle it straight away.