Occasionally we overspend. Maybe you had a financial emergency and needed to make a large purchase/ payment. While it’s never wise to spend more than you can pay monthly, it does happen, sometimes within circumstances outside our control. Here are some ways to go about dealing with the non-payment.

Talk to your Bank as Quickly as Possible

Bankers are humans too! If you have been a good customer and have a history of paying on time, you can assure them this will only happen that one time. If you can, pay any possible amount towards the balance as a gesture of good faith. This will/ may compel them to be more flexible in extending you a hand.

The worst thing to do is let your credit card bill go unpaid. This can seriously affect your credit rating for down the line, and not to mention rack up those interest charges.

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