After you've missed a payment, there are several steps you can take to repair your credit score and report.
First, act fast and pay what you owe as soon as possible to avoid further damage to your credit score.
Negotiate with your lender to see if they are willing to remove the missed payment from your credit report.
Write a goodwill adjustment letter with why you could not pay and ask for the missed payment to be removed.
If you have limited credit history or severely damaged credit, consider alternate ways to help build your credit up.
This includes getting a secured credit card or a credit-builder loan to help you make efforts to fix your credit.
If you find an incorrect or old late payment on your report, file a dispute with the credit bureau to have it removed.
It is important to take action to repair your credit after a missed payment to avoid further damage to your credit score.
Stay on top of your bills and make sure to pay them on time. You can also automate payments so you don't miss them.