Posted on: 02nd Oct, 2012 01:10 am
I received a 30 day late payment on March this year. When would it be considered 1 year old? On 3/1/2013 or when the lender that is reporting this 30 day late reports that the account is paid as agreed as of the next reporting period after 03/13?
It will be considered as one year old on 3/1/2013. It doesn't matter when the lender reports the account as paid as agreed.
Thanks Niicss... that was helpful... cheers...