Can anyone say what the deal is on the month that a payment is late...I mean, how can you have...say, 30 days late on 3/99, 60 days late on 4/99, and 90 days late on 5/99? Doesn't the 30 turn to a 60, which turns to a 90? You can't have all three since that equals 6 months total and I was 3 months late. So, basically if I have 2 series of 30, 60 ,90's...that should really be 2 x 90 right? Can I argue this and loose a bunch of marks? What's the real deal? Anyone? Please???
I think if you had 30day late on 3/99, then you didn't pay by 4/99, the 1st 30 day(4/99) late becomes a 60 day late. Then on 5/99 if you still havent paid the 4/99 then it becomes a 90 day late. Also if you do make say one payment during this time frame, then of course it should go towards the 3/99 date. But I would think that you would still have one of each 30,60,90 day lates on report. I think its all done cumalative. Just my $.02.
Well, I can see that probably you would have to make 3 payments in a row to be considered on time again....90, 60, 30, on time...I just don't understand how being 60 days late also gets a 30 day late mark, 30 turns to a 60 and carries with it that stigma and mark. Also, I have a common date for a 30 and a 60. Will they just modify the date, or take one off? Thanks
From what I've learned you just can't expect to much of anyone to do the right the thing. If you've read some of the posts here, many people have complaints that are just like yours and even worse. Sometimes it just takes a phone call. But most of the time it seems, you have to catch them in violation of the FCRA or FDCPA. And even upon obvious violation you still have to sue. The only thing you can do at this point is to get the ball rolling somewhere. Once you know where its going then you will be able to make a better decision on what your next step will be. Hope this helps.
This is how they screw you on reporting. Each installment is it's own entity in accounting. Example: You have a payment due on the first of each month of $10. The accounting system reads it as Payment #1, Payment #2, Payment #3, etc. When Payment #1 is 90 days late, Payment #2 is 60 days late, and Payment #3 is therefore 30 days late. See the problem? Dancer
How about this one: 30 days late 00 times, 60 days late 01 times, 90 days late 01 times. Don't you need to be 30 days late before you can be 60 or 90 days late???
I should have stated that the previous example was for an installment account. There are different accounting principles for revolving and installment accounts. If it was a revolving account then that could be the case. If you were 60 days late one time and then paid up to current, it would take a seperate instance of 90 days late to make that show up. Sorry for the confusion. Dancer
