I paid a credit card late. Actually I paid it on the due date but it wasn't applied to my account that day, be

Question

I paid it late but on the due date, it was Saturday after 3:00 so it was paid on Monday morning. I was charged the late fee, but I am wondering is this reported to the credit bureau. When you get a credit report it shows bills 30 days late or more, do you think they reported this even though it was not late?

Answer 1

Sorry, but it WAS late! Look at your statement carefully. It usually spells out when the payment must be in their office in order to be considered on-time.

Whether or not it is reported as late to the credit bureau depends upon the issuing bank's policies. At least one of my credit cards is issued by a bank whose policy is to not report any payment as late unless the account is more than 60 days overdue.

Whether or not they will assess a late fee is again up to the bank. The same bank I mentioned above does not assess a late fee unless 2 consecutive payments are late or 4 or more are late in any 12 month period.

If you've been a good customer for a while -- at least a year with no late payments most of the time -- they may be willing to roll back the late fee. Call the customer service number on the back of your card or on the statement and ask.

Answer 2

How long ago was this? If it was today, call the company as soon as they are open and plead with them. Explain that you, (hopefully), have never been late before and it will not happen again, and in most cases they will remove the late fee, and you will not only be saving the money you were charged for a late fee, you will not be listed on any past due credit report. Most companys are happy to work with you, and hopefully you're with a company like that. If not. Find someone else to do business with.

Answer 3

Don't worry about it. It won't post to your credit report. It will only post as a 30 day late record to the credit agencies when you becomes 60 days past due. You don't want to make a habit of being late with some credit cards though because your interest rate could up.

Answer 4

I do not think they did but you can do 2 things. The first thing is call the credit card company and ask them to waive the late fee as a courtesy. They usually do this if you are not in the habit of being a late payer. Also, they do not report you as a late payer again unless you do this all the time. You can ease your mind by calling them and explaining what happened. However, if they have done this, you can call the credit card company and ask them to send you the credit report. If it shows as a late payer, you can send a letter to them and they will have to show it so if someone looks into your credit they will see the explanation as to why you were late, or in this case not late.

Answer 5

I would think they would allow for the weekend, but they can charge a late fee if it isn't paid by midnight on the due date. I don't think they report to the credit bureau until you are 30 days past due. In fact they usually send a letter asking for payment before they do that.

Answer 6

It won't be reported to the CRA.

But you have to watch your interest rate. Many of these companies have a clause in your user agreement that voids the low interest rate if you go over your credit limit, or are late on a payment. So this "minor" infraction can cost you several interest points.

If that happens, contact the credit card company and DEMAND that they restore it. If you have had a good record up to now, they should do it without an argument. If they give you a hard time, inform them that there are dozens of other companies who want your business and you will go there if they don't lower it.

If they still want to penalize you, then follow through. Pay off the card and get a differant one.

Answer 7

Assuming that you paid at least the previous month's minimum amount due on time, then this current payment which was late by ONE DAY will NOT be included on your credit report.

However, you may be in jeopardy of a pending default rate which can be considerably higher than your current APR rate on your card. Default rates can be as high or higher than 30% APR.

Please review your credit terms and agreement to see if your credit card activity and payment history can trigger a default rate.

This is VERY important.

Answer 8

It's not reported until you are 30 days late, but I would call the credit card company and ask them to refund your late fee. Many time they will, if you're persistant. Ask to speak to a supervisor, and keep going up the chain of command. This works to get your interest rate lowered too.

Answer 9

This will not be reported to the credit bureau, for that to happen it would have to be 30 or more days late.

Answer 10

credit cards report you as 30 days late after 30 days past the due date that your missed so no they will not report because they considered that payment one day late.