madtown2306 asked: Ok in the last 4 months I have made 3 late payments on my car which I have had for about 2 years never missed a payment and there only late by about 5 day’s would this be grounds for them to try and take the car back?

Sissy asked: It will be 20-25 days late before I can pay my car payment this month, does anyone know how long they wait before reporting to the credit bureaus? This is my second late payment, which was last month, but was only a couple days late. These two months are the only times we [...]

Jesse C asked: My boyfriend has had his car since February and has made 1 late payment but it looks as though this next payment may have to be late as well due to hours cut at his job. He is getting a new job and will start this month. How many times can payments [...]

taifdad asked: Should the late payment fee and interest charge be compounded monthly like the bank or tallyed at the end of the year? What charging practice do condo association use?? This is a serious question folks. Those qualified to answer please do. Thanks.

Justin asked: My mortgage is due the 1st of every month and I pay it with my first byweekly paycheck which is sometimes on the 15th. I always pay before the late payment fee is assesed. Will this hurt my credit score as long as I keep paying before the late fee date?

Dixie Normous asked: I forgot to pay on time last month (bad, I know). The bank assessed a late payment fee but I called them and they reversed the penalty as a courtesy. Will this still show up on my credit report as a late payment or will the negative hit be removed by next [...]

Jiggawokie asked: So this past billing cycle I paid a card online after 5pm (EST). I paid the card balance full at 4pm (PST). How bad and how long will a day late payment on a $10 balance on a gas credit card affect my 5 year old once perfect credit history. I noticed that [...]

chanel asked: And if you pay something but not the minimum payment, will you still get late fees

MK asked: There was a little mix up with the electric company and my payments and as a result i made one late payment and i paid in full when i realized the error. i am worried that my credit score will be screwed up now…i have one credit card and have never made a [...]

emileegiles asked: My boyfriend is freaking about because his credit card payment was 3 days late (and the one time it was late before, his credit went down 100 points! We just recently checked his report). Will this late payment effect his score, or does it usually have to be a certain number [...]