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How long does 30 days past due show neg. on your credit

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lelani.valencia



Joined: 01 Apr 2008
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Posts: 1



69 Magic Points

Subject: How long does 30 days past due show neg. on your credit
 
Posted on Tue Apr 01, 2008 9:34 pm  

Does anyone know how your credit is affected. I've had a car loan for 3 years and have a 30 day late account history on 4 different months in 2007. I have since cleared it up and made on time payments for the past three months. I know the 30 days past due is negative but will it ever go positive and about how long does it take. Please help I'm trying to turn my credit around.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points

Subject: car loan
 
Posted on Wed Apr 02, 2008 12:27 am  

Where do you have your loan from..a bank or finance company? USUALLY, with a finance company ( talking from experience) WILL report it, on your CR if its late. However, if you 'catch up' on balance, they will report that your 'up to date' with your payments. Banks and finance companies USUALLY report monthly. Hope this answered your question.
cbass1017



Joined: 01 Feb 2008
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Posts: 143
Location: PA


1547 Magic Points

 
Posted on Wed Apr 02, 2008 1:51 am  

First I'd like to say congratulations on getting back on top of your financial obligations! Athough more than likely it will show on your credit report for atleast a couple years the most important thing is that your are currently back to making your payments on time. You are already on the right path to increasing your credit score, you'll just have to deal with the damage that was dealt on keep marching on.
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Morningstar

Morningstar

Joined: 17 Apr 2007
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11 Magic Points

 
Posted on Wed Apr 02, 2008 10:58 am  

Code:
I know the 30 days past due is negative but will it ever go positive and about how long does it take.


The negatives can stay for seven years. Right now, your credit has taken a pretty big hit, but if you are able to pay off the car with no further lates, your score will eventually begin to rebound. I can't say for how long your score will be seriously affected (Fair Issac Co. keeps their scoring system closely guarded), but as time goes by, the affect any given negative has will begin to lessen. As you near the final payoff date, you can try your luck with a goodwill letter (requesting removal of the negative info) written to one of the finance company's executives...it's a pretty much a Hail Mary, but every once in a while, it works.
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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points

Subject: credit
 
Posted on Wed Apr 02, 2008 1:17 pm  

Also............concerning your Credit Report, the 'good credit outways the bad credit.' I say, TOO...congrats contining to clean up your Credit Report.
scott

scott

Joined: 28 Jun 2006
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10890 Magic Points

 
Posted on Thu Apr 03, 2008 6:44 am  

Negatives do not turn into positives. However these negatives are going to stay for 7 years, beyond which it is supposed to be dropped.

Lelani, its great that you have taken your step towards credit repair. Keep up with your payments and try not to open accounts immediately.
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SCOTT

Use your credit account responsibly and enjoy a debt free life.
Tina Montgomery
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Subject: Closed account
 
Posted on Sun Aug 31, 2008 6:33 pm  

I had a phone service terminated, before 2 years are up. According to the phone company, I have a balance due of 129.00. I can pay this amount within 2 weeks. Will this show up on my credit report?
CMBV22

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Joined: 08 May 2008
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5436 Magic Points

 
Posted on Tue Sep 02, 2008 3:39 am  

if the debt has not gone to collections then no. Most utility companys dont hit your CR until they are sent to collections 2 weeks should be fine but, I would call the phone company and tell them about your plans
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fireyone



Joined: 26 Feb 2008
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Posts: 4246



127 Magic Points

 
Posted on Wed Sep 03, 2008 1:02 am  

Call them immediately to be sure they don't turn it over to collections. Tell them you can pay the full amount in two weeks. Most will work with you especially since you are not doing it on payment arrangments.
anthony

anthony

Joined: 31 Jul 2006
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13607 Magic Points

 
Posted on Wed Sep 03, 2008 6:53 am  

Hi Tina
You should immediately pull out your credit report to find out whether they have updated the debt on your report or not. If they have not yet updated, immediately contact your phone company and pay it off. However, if it has already been listed in your credit report, send a DV letter to the phone company and on getting validation of your debt, try to convince them for pay for deletion agreement before you pay it off.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
fireyone



Joined: 26 Feb 2008
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Posts: 4246



127 Magic Points

 
Posted on Thu Sep 04, 2008 1:48 am  

As always good advice.
belkis
Guest






Subject: car payment
 
Posted on Fri Aug 28, 2009 1:56 am  

I have not even been 30 days late. However, the creditor calls me even after I sent them a certified letter to cease all calls. Isn't that illegal? Technically, I am barely 2 weeks late...
goodnatured



Joined: 03 Nov 2007
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511 Magic Points

 
Posted on Fri Aug 28, 2009 2:17 am  

If it is the original creditor they can call you if your payment is late, usually these are just courtesy calls before they get to 30 days late.
chuck
Guest






Subject: belkis
 
Posted on Fri May 21, 2010 3:20 pm  

To answer your question yes it is illegal to call you after you have sent the certified letter to cease all calls even if it is the original creditor. No matter if you are two days late or two years late on your payment that company is no longer allowed to contact you via phone. But don't be a dummy, if you are going to be late call the company and let them know when you expect to make the payment. You did not borrow from your uncle and get to make the payment when you feel like with out any consequences. Be a bigger person and call them and you will find that most companies will work with you to a large extent and help you find ways to avoid late fee's and you will not have to worry about a whole bunch of YOU ARE LATE letters being sent to you!
thefighter



Joined: 22 May 2010
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Posts: 13



228 Magic Points

 
Posted on Tue May 25, 2010 3:04 am  

the cease and desist applies to third parties, not original creditors.

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