👉 Underpayment, also known as overpayment, is a financial error where an individual or entity has paid more for goods or services than they should have. This can happen due to several reasons such as overspending on purchases, not having enough money on hand, or simply forgetting to pay the full amount of the invoice. Underpayment can lead to financial difficulties and may cause delays in paying off debts. Underpayment is a common mistake that can affect individuals' credit score and cause them to face financial penalties
