Posted on: 03rd Aug, 2009 02:16 pm
Hi, I was late 38 days on one of my credit cards. Does this ruin my credit? Or does it just make me pay a late fee?
Hi, Well one late payment is not gonna ruin your credit. It will lower your score by a few points and will leave a negative on your credit report for being 30 days late. As well as it being put on credit report. You get charged these outrageous late fees.
Hi racerscc,
The creditor may ask you to pay a late fee. However, I don't think the creditor would report a 38 day late payment to the credit bureaus. If they report it, then you would lose some points from your credit score.
Thanks
The creditor may ask you to pay a late fee. However, I don't think the creditor would report a 38 day late payment to the credit bureaus. If they report it, then you would lose some points from your credit score.
Thanks
racerscc
Welcoem to the forum
and do not take anythign for granted especially in this economy
Depending on the lender the they may have different policies
Best option is to call your credit card compny and clarify with them
Good luck and feel free to ask
Welcoem to the forum
and do not take anythign for granted especially in this economy
Depending on the lender the they may have different policies
Best option is to call your credit card compny and clarify with them
Good luck and feel free to ask