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What happens if I don't make the minimum payment due but I made a small payment within the month.
You have to pay at least the minimum amount due in order for the payment to count. Otherwise it is reported as a late or missed payment.
Please elaborate. Not sure exactly what the question is. Thanks!
So even if I pay an amount lesser than the minimum amount due, it is still considered a late/missed payment.
Thanks, that's what I wanted to know.
No I didn't. Had a family emergency. I'll contact the creditors to explain my case, maybe they will give me a break.
@gtnitrightwrote:No I didn't. Had a family emergency. I'll contact the creditors to explain my case, maybe they will give me a break.
That's the best thing to do. Give them a heads up and let them know. Doesn't mean it won't cause any AA but if you truly don't have the means to take care of the minumum it's better to call them than the other way around. How many creditors will you fail to meet minumum payment with? And who are those creditors if you don't mind sharing. Some may be better to work with than others...but a late payment is still a late payment. Best of luck and I hope things start to turn around for you.