Thursday, September 20, 2007

late payments

Hi Bo,
Okay I'm currently on the road back to respectable credit but this past week has been very hard with family issues and as a result I forgot to make my credit card payment!!!!! I feel like throwing up right now. I heard that companies can only report late payment if they are 30 days late or more? Is this at all true? I been working so hard at getting things in order and now it looks as if it's all for not.
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Just as long as it gets posted on the creditors books the day before 30 day pass you are SAFE. NOT SAFE, NO SAFE

You are safe. That was an american idol joke
you cannot be marked 30 days past due if you are not 30 days past due.BUT
if for some reason you needed credit today it would show on your report that a payment is due now and that affects your score on that day. But once your payment post and it is not more than 30 days late your credit report score will then be at the best point it could be and was before.
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Wow thank you so much for the quick response and the "good" news. I'm signing up my account for automatic debit from my checking account. I know I've should've done this already but that's a moot point now. Anyhow thanks again and now I can eat breakfast and actually keep it down.

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