ok heres the deal my payment is due on the 25th of november due to fiancial problems i couldnt make the payment what my plans are is to pay the month of november on dec 18th and then pay december before the 25th ok when i called to arrange they said that they still report it as a late payment can they do that even tho it hasnt been 30days late ???? i am only going to be 23 days late
2006-12-05 13:44:11 · 11 answers · asked by dsm562 3 in Business & Finance ➔ Credit
A couple of things.
Next time try calling your bank and see if they can defer the payment. If you contact them a head of time it looks better on your part.
As for your credit. The day after your payment is due its considered late. You most likely receive a fee and also interest from the date the payment was missed until you pay it.
As for your credit report. They CANNOT report it as being 30 days late until the 30th day. They will tell you otherwise so that you make the payment. If they do report you, contact the 3 bureaus and dispute the item.
2006-12-05 15:00:16 · answer #1 · answered by crazy_in_lov 2 · 0⤊ 0⤋
CALL every creditor first and be HONEST. These people WANT their money and will play ball by their rules. Nonetheless, gametime means time. I am sorry for the mishaps, truly. Make a payment on the house and car ASAP. In the meantime, keep your car at a friend's house. No repo man can take what they don't see. Also, if you catch the repo in the act, some states require release of the vehicle. They will come in the early morning and are very quick acting. I had repo friends. They don't play. For your house, three months of consecutive no payment will result in the foreclosure process. You need a roof before you need an engine.
2016-05-22 22:50:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think they just wanted you to know about the late charge for payments after the due date. It would be very unusual for them to report anything to the credit bureau if it is less than 1 month late.
Be sure to make your payments as you agreed, even tho there will be a late charge.
Good Luck
PS. Read Dave Ramsey's book The Total Money Makeover
www.daveramsey.com
2006-12-05 13:49:42 · answer #3 · answered by snvffy 7 · 1⤊ 0⤋
Your payment is late, but its ok. As long as you pay both of the due payments in December, you should be fine. you may get a finance charge of like $20-$50. Just try not to make it a habbit, it doesnt look good on your credit.
2006-12-05 14:09:30 · answer #4 · answered by dkwr14 3 · 0⤊ 0⤋
Any payment after the due date will get you a late fee.
2006-12-05 13:47:41 · answer #5 · answered by desertflower 5 · 0⤊ 0⤋
Doesn't matter what you say, only matters what they say. They are in control, and trust me, if they want to ride up and repo your car, they will do so with no hesitation. So just pay your late fee and move on.
2006-12-05 13:47:33 · answer #6 · answered by Author Al 4 · 0⤊ 0⤋
I dont think their will be a big deal, as long as you send them a payment as soon as possible, and tell them the situation.
2006-12-05 14:07:56 · answer #7 · answered by Essie 2 · 0⤊ 0⤋
They can report it late on the 26th. Park it behind the house or at someone else's house.
2006-12-05 13:52:27 · answer #8 · answered by normobrian 6 · 0⤊ 0⤋
Who said it has to be 30 days late? Late is late. And yes THEY can do what THEY want to.
2006-12-05 13:46:48 · answer #9 · answered by Anonymous · 0⤊ 1⤋
They can do that ,but check your contract thoughly.Always if your late tell them the minute you know ask what to do.
2006-12-05 13:48:33 · answer #10 · answered by thresher 7 · 0⤊ 0⤋