From the time you miss your first credit card payment, you trigger a series of actions that could be hard to stop. If you think you're having a hard time making your payments now, wait until you're three or four months past due. It might be impossible to catch up then.
Here's what you can expect to happen When You Stop Making Credit Card Payments. As you read through the list, you won't see anything good and it might be worse than you expected.
If you foresee trouble making your credit card payments, explore your options before your due date passes. Once you're past due, some options disappear. For example, you won't qualify for a low interest rate balance transfer once a late payment shows up on your credit report.