Request Deferred Payment to the end of agreement
Having a payment deferred as described in your credit agreement should be part of your
credit strategy to maintain good credit. Staying pro-active with your credit is important to
keeping a good credit score.

If you are current with your creditor and you foresee an interruption in your income or a
temporary shortfall in your income, deferring a payment may give you the cushion to bounce
back.
An effective credit strategy is to
request that the creditor defer a
payment to the end of your
agreement. This credit strategy may
cost you a small fee or maybe a little
interest but it will give you an
opportunity to save your good credit
score.

This credit repair tip is recommended
on credit accounts that have an
ending. Such as auto loans, furniture
purchases, electronic stores.

When it comes to open lines of credit,
you may be able to defer a single
payment for one month.
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The key here is to communicate your temporary situation to your creditor well in advance.

Make sure that you document the date, time and the name of the customer service
representative that agreed to these terms.

It is also best to request that they send you a letter that agrees to the terms of the
deferred payment.