missing payment

USAGE SUMMARY

"missing payment" is a correct and usable phrase in written English.
You could use it in a variety of contexts, such as when a customer has not made a payment on time. For example, you could write, "We regret to inform you that your account is currently overdue due to a missing payment."

✓ Grammatically correct

News & Media

Academia

Wiki

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

In spite of my situation, I have immaculate credit, never missing payment on bills.

The Guardian - Opinion

The company received a notice of default April 22 after missing payment on a loan it received as part of a $1.55-billion 1.55-billionin Marefinancingd by Barclays Capinal Inc. and syndicated with about 100 lenders.

Los Angeles Times

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

They are missing payments as frequently as ever, data shows.

The New York Times

And developers who have loans are missing payments.

The New York Times

Borrowers who are late on their mortgage payments or at imminent risk of missing payments.

The New York Times

The 14,800 authors affected by the error will receive the missing payments over the next week.

The Guardian - Books

Key challenges involve payment default that could be worked around micro-insurance packages that would cover for missing payments.

Massachusetts Institute of Technology

The government would keep missing payments, about 30 percent of them, until Congress raised the debt ceiling again.

The New York Times

It's truly about how many people are missing payments".

Forbes

This refinancing wave has led rating agencies to lower their projections for companies missing payments.

Forbes

Having the late payments or missing payments reported to the credit bureaus.

Forbes

Expert writing Tips

Best practice

When discussing financial obligations, use "missing payment" to clearly indicate that a scheduled payment was not made. This is especially useful in formal communications and reports.

Common error

Avoid using "missing payment" interchangeably with "late payment". A "late payment" was made, but after the due date, while a "missing payment" was never made at all. Use the term that accurately reflects the situation.

Linguistic Context

The phrase "missing payment" functions as a noun phrase, typically used as an object or subject in a sentence. Ludwig AI confirms that this phrase is correct and usable in written English.

Expression frequency: Common

Frequent in

News & Media

45%

Academia

25%

Wiki

15%

Less common in

Formal & Business

10%

Science

5%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "missing payment" is a grammatically sound and commonly used term to describe a situation where a scheduled payment has not been made. Ludwig AI confirms its validity for use in various contexts. While it may seem interchangeable with phrases like "late payment", there are distinct differences that you should consider to ensure you're using the most appropriate term. Understanding its implications on credit scores and financial obligations is crucial. This term appears most frequently in news and media and academic contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

overdue payment

Focuses on the lateness of the payment rather than the act of missing it.

defaulted payment

Implies a more serious failure to pay, often with legal or contractual consequences.

unpaid bill

Shifts the focus to the bill itself not being paid rather than the action of missing the payment.

outstanding payment

Highlights that the payment is still owed.

payment lapse

Emphasizes a temporary failure or interruption in payment.

failure to pay

A more general term indicating the act of not paying.

skipped payment

Suggests the payment was intentionally or unintentionally omitted.

delinquent payment

Indicates that the payment is late and in violation of an agreement.

payment omission

Highlights that the payment was left out.

non-payment

A direct and formal term stating that no payment was made.

FAQs

How does a "missing payment" affect my credit score?

A "missing payment" can negatively impact your credit score because payment history is a significant factor in credit scoring models. Reporting a missed payment to credit bureaus can lower your score.

What should I do if I realize I have a "missing payment"?

Contact the creditor immediately to explain the situation and arrange for payment as soon as possible. Depending on the lender, they may offer options to mitigate negative consequences.

Is there a difference between a "missing payment" and a "late payment"?

Yes, a "missing payment" refers to a payment that was not made at all, while a "late payment" was made after the due date. Both can have negative consequences, but they are distinct.

What are some alternatives to saying "missing payment"?

Depending on the context, you could use phrases like "overdue payment", "defaulted payment", or "unpaid bill depending" on the severity and formality of the situation.