Late Credit Card Payment? 30 days...?

Question

They already reported it 30 days late.. How is this going to effect my score of 719? Never had a late payment in my life this is the first and hopefully the last. anyone know how it will effect me?

Answer 1

If it is the first time you have been late, you can call the credit card company and ask them to remove it. Generally if you have good credit history with a company, they will wave a late fee once every 6 months.

It will appear in a negative section on your credit report, or I think it really says "areas that might negatively affect your score. I don't think it will take that much of a hit if it only happens this one time. Be careful though, they might up your apr.

Answer 2

First off, you are not 30 days late until you are 30 days late. With a 719 score, you can expect your score to drop between 25-40 points.

Also, a 30 day late on your mortgage will cost you approx. 80-100 points off of your credit score.

Also, a big thing to be aware of is the balance to high credit limit you carry on all of your revolving accounts. Try to keep it at 30% or below on each card if possible. The high your %, the lower your score will be.

Whatever you do, pay your mortgage, car, installment loans, reovling accounts, and utilities in that order. As mortgage and car note lates carry the biggest ding on a credit report when they are late. Most utility companies do not report a late to the three major agencies - Transunion, Equifax, Experian. Until they do pay the other accounts first when money is tight.

Answer 3

You may see a drop in your score. If this is a one time thing and your payments from here on out are timely it shouldn't be more than a blip on your report.

Most creditors take into account the frequency and severity of any delinquencies on your credit report. A one-time 30-day late payment is nothing more than forgetting to mail the check to them. You should be relatively unaffected.

Answer 4

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RE Late Credit Card Payment? 30 days...?

They already reported it 30 days late.. How is this going to effect my score of 719? Never had a late payment in my life this is the first and hopefully the last. anyone know how it will effect me?

Answer 5

The most one thing can change your credit score is ten points. I know for a fact I am going threw credit counceling. And you can only get it to go up 10 points at a time meaning (Month).