Missing a loan or credit card payment is one of the worst things you can do to your credit score. It not only has the greatest impact on your credit score, your payment history is also easily tarnished and takes a long time to rehabilitate — a single late payment could cost you dozens of (even 100!) points. Once you miss the payment, there’s pretty much nothing you can do but wait for it to age off your credit reports, which can take years.
Read More: http://fast-bad-credit-loan.net/blog/2015/09/10/most-students-dont-get-how-bad-it-is-to-miss-loan-payments/
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