What happens if I'ma couple days late on a car payment?

Question

My car payment is due on the 17th..However, I will probably be short still by that date...But I will have the money a couple days after that...so i will probably be less than 10 days late. Does anything happen if your less than 10 days late? Any late fees? Anything bad?? THANKS!

Answer 1

You will probably be ok without any late fees, I would call the lender and make sure. They like it when you keep them informed, instead of them having to track you down afterwards.

The credit bureaus won't report it as a late payment either unless you are over 30 days past due so don't worry there either. Email me with any questions at [e-mail]. (this is not legal advice)

Answer 2

Most financial institutions add a late fee after the due date. Example if the loan is over 15 days past the due date a late fee is added to the loan. Most institutions will report the loan is late to the credit reporting agencies if the loan is over 30days psst the due date.

Answer 3

i'm no longer efficient you've 5 or 10 days grace era (that's no longer a house loan) yet possibly you've. purely examine what your settlement says. in case you have not any grace era, call the monetary company and tell them you made the fee, so that they are going to make an commentary now to not mark it as a late fee. in the adventure that they are as undesirable as another agencies, they could mark it "late" even after faster or later and it's going to take position on your credit rfile. yet in case you call them, they are going to allow it slide.

Answer 4

Late fees, YES. But they won't report to your credit report as a late payment.

Answer 5

There is uaually a 10 day "grace period".You should be alright,no late fees or anything.♥

Answer 6

they may charge you late fees, but depends from company to comapny

Answer 7

You should at least send what you have. That shows good faith.

Answer 8

You car Will be REPOSES