?? re: Late Pay

Discussion in 'Credit Talk' started by Flagirl, Jul 30, 2001.

  1. Flagirl

    Flagirl Well-Known Member

    The finance co that has my car loan is Transouth (bad to have a finance co, I know, but it was the only loan I could get).
    ANYWAY- I accidently bounced my last payment to them, and have since corrected that situation.

    What I'm worried about is, how this will affect my credit report. I'm just now starting to raise my credit score and I'm afraid this will be just HORRIBLE!!!

    Has anyone else had this affect them badly?

    Any info is greatly appreciated.
  2. Lionel

    Lionel Well-Known Member

    do you know for a fact that they are going to report a late pay?
  3. marvin

    marvin Well-Known Member

    Probably won't affect you're credit if you made the check good within a reasonable amount of time. I had a loan with TranSouth for about six months, and they were pretty easy to work with.

    p.s. Is the interest front loaded on you're loan?
  4. Flagirl

    Flagirl Well-Known Member

    yeah, it looks like over half my payment goes toward intrest.

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