A Reddit user shares their distress over a major drop in their credit score after missing a payment for the first time in decades. Previously enjoying a score of 775, they saw it plunge to below 650 due to a single 30-day delinquency. The user is hopeful that their credit card company might assist in rectifying the situation. The article emphasizes how even one missed payment can dramatically impact credit scores, highlighting the importance of prompt payments and suggesting credit cards with '0% Intro APR' periods as potential tools for managing debt effectively.
A Reddit user experienced a dramatic credit score drop after missing a single payment, illustrating how quickly good credit can diminish due to one mistake.
With a prior score of 775, missing a payment for 30 days caused a disappointing decline below 650, demonstrating the severe consequences of late payments.
Many individuals are unaware that even one missed payment can result in substantial drops in credit scores, especially for those who have worked to maintain good credit.
Some credit cards can aid in getting out of debt faster with '0% Intro APR' options, significantly saving individuals money on interest over time.
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