i missed my credit card payment by 1 day..what happens?

Question

my credit card payment came in about 1 day after the due date..and it was the whole balance i paid off.will i be reported negatvley?

Answer 1

bad news....they just wait for you to be late....so they can charge you all those fees....but they will not report you....


wow....whats up with the thumbs down on here....



I'm outa here, man.....

Answer 2

Boy, if you can find a way NOT to pay late, that would be far preferable. Is there anyone you can turn to? Late payments these days average about $29. But the greater damage is to your credit score. Let's say you have some sweet 0 percent teaser rate from your card issuer. And you have another couple of credit cards you're paying off. Card issuers can and will jack up your rate to the "penalty rate," also known as the "default rate" -- and that averages around 30 percent. Not only can the card you paid late on jack up your rate, but under a concept called "universal default," all the other cards can jack up your rates, too, even if you paid the others on time. So you'll take your chances -- some or all of your rates may go up, and you'll be paying a bunch for just being a few days late. Research your card, and see if it practices "universal default." Read the fine print of the card agreement to see (ah, I know. Such fun.). If you have a good history of payments, call your issuer. Sometimes they'll cut you a break. You may need to go up the ladder and ask to speak to a supervisor to make that happen, though. And by NO means should you miss two payments. While card issuers sometimes overlook one late pay, going two months without a payment makes them really slam you. Good luck!

Answer 3

Nope. Credit card customer scores are not based on payments. They are based on the number of purchases and the length of being a cardholder. And also, if this is your first time to miss the payment, you can ask a customer service personnel to waive it. Most of them won't mind at all because they wouldn't want to engage a long argument just because of the fee. Don't ask them now though. Wait for the charge to show up on your next statement. Coz until the statement comes, they can't do anything about the charge since it is "currently being processed". Also, you will be charged interests since you paid in late. It's possible to waive that too depending on the amount. Good luck!

Answer 4

You will be charged a late fee. Somewhere around 30 or 40 dollars. And Depending on the credit card company, they may (will) hike your inerest rate, (Capital One anyone?) not just for that credit card but everything you have like insurance and other credit cards.

They do not usually report it unless is it around 20-30 days late. Then it gets reported to the credit companies. Well, at least that is what they tell you.

Answer 5

You have to be over 30 days past your "due" date to incur a late mark on your credit. So if payment is due on Aug 10 you must make a payment before Sep 10th. Credit card companies usually charge late fees themselves. They can also raise the interest rate to a "default rate" which is much higher.

Answer 6

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RE :I missed my credit card payment by 1 day..what happens?
my credit card payment came in about 1 day after the due date..and it was the whole balance i paid off.will i be reported negatvley?
2 following 36 answers

Answer 7

Don't panic. Wait 60 days and then request your free credit report thru annualcreditreport.com or call Trans Union at
1 877 322 8228 and they will do all 3 reports for you at no charge. If it shows over 30 days 1 time, then you can call the credit card company and ask if they could remove.

Answer 8

There is no hope now. You have really done it. Don't your realize what you have done? You paid of the entire balance at once. How are these needy people at the bank going to rip you for big percentagesif your going to pay off your entire account..Have you no mercy? I hope you don't plan to get married, try to buy a home or some christmas gifts at the mall. Your credit history is ruined and there is no way out for you.

Answer 9

No. Most credit cards have a 15-day grace period as long as the entire balance is paid off. Most have a 5-day grace period for payments even if you don't pay the full balance off.

To be sure, pay the full balance off ASAP. They won't negatively report you to the credit agencies.

In addition, call the credit card company and let them know the situation. They'll work with you.

Answer 10

no you'll be fine, you might get a small charge depending on ur company and credit. usually once you miss payments after 3-5 days after due date you start getting charged a small certain amount daily until the bill is paid off, also depending on credit, you might only get charged 30 bucks for that one month of late payment. dont fret over it as long as you are paying the bills. one late bill isnt an issue unless u have financial situations

Answer 11

well, first of all, its pretty awesome you care. a lot of people dont. problem is, they will charge you a fee most likely. if you pay your credit cards on time, you will be considered as having good credit. If you pay more than the required amount, it will help your rating as well. since you did not do this intensionally, I would call the cc company, talk to a cc customer service rep, explain to them what has happened and they can take off the extra fees incurred, if they cant help, ask (kindly) to speak with a supervisor, and on up. Always be kind. they get a lot of screamers and yellers and a kind person will most likely get what they want.