I Missed My Credit Card Payments and I’m Freaking Out. – John

“Dear Steve,

I am a student. Graduating from a university with a Bachelors Degree in business. I have 3 credit cards and a car loan. I am behind one month on 2 of my credit cards. I have applied for jobs and will have an interview next week, but even if I do get the job, the hiring process will probably take another week.

What can I do? How can I solve this problem and keep my credit good? Or even if my credit has to go bad, how can I get out of this problem safe?

Also, what can the credit cards do against me? I am freaking out and don’t know what to do. Please help me.


Dear John,

The obvious answer is you need to make at least your minimum payment to keep your account in good standing.

I’d call your credit card companies and see what internal programs they may offer to assist you. Even those programs will require some payment.

The missed payments will appear on your credit report for seven years but don’t worry. Once you begin to make regular payments again and time passes those negative missed payments will impact you less and less.

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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