"Will being one day late on my car loan payment ruin my credit? "

"I usually make my car loan payments to my bank in person. I have been on time every month for the past two years.

This month, I didn’t have time to get to the bank on Saturday and the due date is on Sunday. What can I do to reduce the damage caused by this late payment?


“If you go to make the payment at 9 a.m. on Monday, the only damage caused by this will probably be a late fee at most. The bank may even waive that fee if you ask.
If you want to avoid a repeat of this situation altogether, though, you might want to consider making payments online. Most banks offer digital payment options that can save you time and effort.
Johnny Puckett
Answered on May 11, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

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