What happens if I miss a payment on my BillMeLater.com account?
Asked 6 months ago
If a payment is missed on your BillMeLater.com account, there are consequences to consider. Firstly, a late fee will be charged, which could vary depending on the outstanding balance. Additionally, after a certain number of missed payments, your account may be reported to credit bureaus, potentially negatively impacting your credit score. This can make it more challenging to obtain credit in the future. It is crucial to promptly contact BillMeLater.com if you cannot make a payment. They may work with you to explore alternative payment arrangements. However, persistent failure to pay or communicate may result in the account being sent to collections, which can have severe consequences on your creditworthiness and may incur legal action.
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