late pay

Discussion in 'Credit Talk' started by paul, Sep 23, 2000.

  1. paul

    paul Guest

    If i make a late payment on my account but it's less than 30 days late does that hurt my credit rating with the bank?
  2. BarryN - C

    BarryN - C Guest

    Depending on the bank's policy. Most of my card issuers are lenient about late pays. In most cases it take 2-3 months in a row of late payments to get them to report as such. First offenses are not usually reported. Especially if you call a cust. rep. about your oversight.

    Good Luck,

  3. Pat

    Pat Guest

    a late payment less than 30 days IS NOT reported to CRAs, but does delay credit limit increases from the creditor.

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