Deepshikha

  It is not a good thing to miss a payment but yes, it is common and normal. People have too many things they worry about so it is easy to forget a credit card payment. Delayed/ or missed payment consequences are determined by its lateness plus a credit card's rules. Users run the danger of losing money from late payments, paying extra interest, but also having their credit scores suffer. Issues that could arise from failing to make a credit payment: Issuers may charge you a sizable late fee: Users are assessed a fine by the credit card company if they don't settle their payments by the deadline. The subsequent credit card statement will include the above-delayed charges. The amount of time users missed their fees, your prior record of missed fees, as well as various circumstances can affect the late fees that each card issuer imposes. Your credit score may suffer: None of it may show on the credit file should a person miss a payment by only a couple of days but pay it back on