2007-01-02 19:57:20 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
you need to pay an additional interst as penalty..
2007-01-02 20:01:21 · answer #1 · answered by don_lbsim 2 · 0⤊ 0⤋
Late charges go into effect as soon as the "grace period" is over. The term of your grace period and the amount of these charges are outlined on your original loan papers, but it is usually 10 to 15 days after the date due. Being 30 days late means it will be reported to the credit reporting agencies (see your loan papers for information on this also - most likely you signed a paper notifying you of this action). Contact your mortgage company immediately and make arrangements before this gets any worse.
2007-01-06 22:07:12 · answer #2 · answered by ginabgood1 5 · 0⤊ 0⤋
it goes on your credit as a 30 day late. Dont let it get to 60 days late pay it now. Your credit score will go down some but as long as you dont get anymore lates on any other credit you will be fine.
2007-01-03 04:01:36 · answer #3 · answered by mouse 2 · 0⤊ 0⤋
Best thing to do is contact the mortgage company by phone and ask them. Additional interet, long grace period, etc. They have options to help.
2007-01-03 04:06:54 · answer #4 · answered by mackjcsf 2 · 0⤊ 0⤋
it depends on how much more than 30 days late you are.
2007-01-07 03:20:58 · answer #5 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋