Late payment

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Neno
Guest

Subject: Late payment

Tue Aug 15, 2006 9:00 am

Does paying a bill after expiration period hurt a credit profile. I am pretty regular with my payments. But last month I was bit creless.

Thanks

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1093

25288 Magic Points

Thu Aug 17, 2006 9:48 am

I dont think it will actually hurt your credit profile. But yep it will increase the interest rate.

Dadummy

Joined: 15 Nov 2007
Dadummy's page
Posts: 637

13 Magic Points

Sat Jan 12, 2008 6:50 pm

some companies have it in thier fine print that a late payment gives them the right to raise the interest with out futher notice.ive never heard of it hurting your credit unless you do it all the time. credit is a touchy thing it varys in every company and differant from banks.

erb1953

Joined: 31 Dec 2007
erb1953's page
Posts: 621

-55 Magic Points

Sun Jan 13, 2008 12:19 am

You should call them and ask them for a break since you are a pretty good customer, they will probably give you a break, but call ahead of time to let them know, that way they may not plug the fee on the bill too.

debtstinker

Joined: 03 Nov 2007
debtstinker's page
Posts: 302

1 Magic Points

Sun Jan 13, 2008 1:51 am

I agree erb, have you called your creditor to see if they can't extend the due date? i've had to do that a couple of times and usually it will take late payment fees away. definitely call though if you havne't already. i made the mistake of letting a bill go a few days, didn't call, and i was slammed with a double payment PLUS a nice $25 late fee. that stunk!


Page 1 of 1