i have never been late with payments and I am scared that if I am late this month my credit score will become destroyed. will it destroy it? its the only liabilities I have right now.
Most Helpful Girl
As far as I know, one late payment on a credit card won't destroy your credit but it can affect the amount of interest the company charges you. They could put you in a different category for even one late payment and charge you much more interest, although these terms vary from card to card. Now, if you didn't pay for two months that would be more likely to affect your credit. I'd look over your terms and call them if necessary to inquire about penalties. Do try to make the payment and exceed the minimum if at all possible.0THIS IS NOT RELEVANT ANYMORE