Whatever the reason for the missed payment, now you’re left wondering what impact it will have on your credit.

The U.S. economy created 280,000 jobs in May 2015, bringing the unemployment rate to 5.5 percent.  However, the unemployment rate for people working part time and those who have given up looking for work holds at 10.8 percent.

Car loans are never going to cost you only the list price of the vehicle you’re purchasing divided by the amount of months you have to pay it off.