Scott credit union skip a payment 2025

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Will Skipping Payments Hurt My Credit Score? The short answer is no. If you have the lenders permission and are meeting its requirements, even a deferred payment is considered to be meeting the loan repayment obligations. Your loan will not be listed as past due, or as missed payments, on your credit report.
If your lender already has a payment deferment option in your loan agreement, you only need to choose skip a payment in your payment coupon book or apply to skip a payment on the lenders website. If your lender doesnt explicitly mention deferment in the agreement, first call them to understand your options.
Features at a Glance1: Low balance transfer fee. Up to $1,000 credit limit. 25-day grace period3 on new purchases.
Missing a debt payment by just one day wont hurt your credit scores. Late payments typically dont appear on credit reports (and therefore hurt your credit) until theyre past-due by 30 days or more. However, you may face fees and other penalties.
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