pmts have been excellent on the mortgage a few late pmts on phone or cable but nothing out of hand... we want to re-fi this month but I forgot to mail mortgage (due on the 1st paid the 26th when they called) are our chances for a decent rate ruined because of this 1 late pmt? Is it worth calling the morgage co and begging for some type of "pass" as far as reporting/pmt history?
2007-10-26 04:16:41 · 4 answers · asked by jfer0142 3 in Business & Finance ➔ Credit
The other answers are correct. You are only reported to credit after a 30 day late. I worked for HSBC as a loan servicing agent so you are fine. I also worked as a loan officer and we only count 30 day late payments, they wouldn't even know you were 25 days late! Good luck and I hope you find a good loan. If you have any questions about re-fi feel free to email me and I'll be happy to give you any advise.
2007-10-26 05:18:04 · answer #1 · answered by lovelyrj7 4 · 0⤊ 0⤋
Late payments don't appear on your credit report until your more than 30 days late, so you should be fine if it was due the 1st and you paid the 26th.
2007-10-26 11:59:54 · answer #2 · answered by lepr0kan 5 · 1⤊ 0⤋
I think it has to be 30 days late before it shows up on the credit report.
2007-10-26 11:32:34 · answer #3 · answered by Brian A 7 · 1⤊ 0⤋
You might be ok. To put your mind at ease, you could just call the customer service line at your mortgage company and ask them whether you lateness was communicated with credit agencies. They should have that information and should tell you.
2007-10-26 11:47:13 · answer #4 · answered by Jay P 7 · 0⤊ 0⤋