Payment due date
Cards & borrowingThe date by which you must make at least the minimum payment.
Overview
Paying by the due date avoids late fees and negative reporting.
Setting up a direct debit can help you avoid missing it.
Why it matters
- Late payments can damage your score.
- Fees can increase the cost of credit.
- Consistent on-time payments build history.
FAQs
What happens if I miss the due date?
You may be charged a fee and the late payment could be reported.
Can I change my due date?
Some lenders allow this. Check with your provider.
Related terms
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