Missing a monthly car payment, no matter whether you missed the payment or bounced the check, is always going to affect your credit negatively. It is possible that if you make good on the amount of the payment and any fees your auto loan lender charges you for a returned check within the 30 day period that the payment is due there will no derogatory impact on your credit report. If this is a rare occurrence, and certainly if it happens once a month, you may want to ask your bank about overdraft protection programs. Enrollment in a program may cost you some money every month, but in the long run it may not be as expensive as a poor credit rating when it comes time to buy another car or purchase a home.

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