I made one late payment to my credit card that was due 4 days ago, what will happen to my credit?

Question

I was checking my accounts online and I found out that I missed the due date for one of my credit cards by 4 days. I immediately made the payment and I am wondering what will happen to my credit. I have read other questions and they have said that nothing may happen unless it has been 30 days past due, or something of that sort. I am a college student that just received a credit card this year, and I have never made a late payment until now since I got my credit cards about 6 months ago. Please help!

Answer 1

NO. It WILL NOT HURT YOUR CREDIT RATING.

Only payments made more than 30 days past the due date would be reported to the credit bureaus and impact your credit rating.

It will of course cost you $30 or whatever their late charge is, which can sometimes be waived on a first offense, if you ask nicely. But there is zero chance your credit will be hurt by this.

Answer 2

You will get a note saying a late payment was made, but it is NOT that big a hit if this is the first time.

Other than that, it is very likely your APR on the credit card will go up.

In the future here is a hint I still use: deduct the next higher dollar amount (i.e 5.25 purchase is entered as 6.00) from your checking account every time you charge something on your credit card. You automatically have the money to pay the entire bill at the end of the billing cycle.

Answer 3

Some pretty inaccurate info.......Here's what could EASILY happen. One of your other credit cards decide to conduct a credit check to make sure you are still a healthy consumer.....they discover that you were 0 to 30 days late on a different card....BAMMMM......your interest rate on their credit card (not the late pymt one) goes thru the roof......like 28%...

It's called UNIVERSAL DEFAULT....screw up on one card and the others find out.....they get to gleefully raise your interest rate immediately......

the irony is of course that the card you were actually late on may not penalize you at all....

Answer 4

Touching the credit decrease could also lead them to extend charges. 2 years in the past, you need to have paid your mastercard stability in finished each and each month. You by no skill pay pastime and advance fantastic credit ratings this kind. wearing balances heavily hurts credit ratings. Capital One is between the most aggressive accessible. I said on the following the position they took someone to courtroom over $three hundred. Garnished their wages. The bill can certainly triple with garnishment expenditures, levy's, courtroom expenditures. they can tap precise into your money owed in the journey that they sue you in courtroom. in case you have not yet defaulted, they received't take a freelance. i do not advise defaulting, this suggests going about 6 months with out paying. imagine the overdue expenses incurred, and the pastime cost ought to bypass as a lot as 34% (certainly). next card you get make confident you pay it in finished each and each month. also make it a objective to sometime have 6 months nicely worth of emergency living expenses positioned aside in case you lose your pastime, have clinical no longer lined by coverage, or have significant vehicle upkeep.

Answer 5

When this happened to me, I called the company right away. They said that since it was the first time, my credit would not be effected. I recommend you call as well... I'm sure every credit card company has their own particular procedures in such cases. Good luck.

Answer 6

Mark against you! So what! everyone gets marks! it's easy to have those removed but thats another question