Thursday, November 26th, 2009

How bad will a day late payment on a credit affect me?

late payment
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 I got a late fee, which means that it was categorized as late, apparently chevron/texaco credit cards have no grace period.

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3 Responses to “How bad will a day late payment on a credit affect me?”

growing inside Says:
November 26th, 2009 at 7:13 pm

Call them and ask them to remove the late fee, they will usually do it if you regularly pay on time

Ryan M Says:
November 27th, 2009 at 4:17 pm

It will do nothing. They do not start reporting until you are 30 days late usually. A freak 1 day slip will not hurt you at all.

robert43041 Says:
November 30th, 2009 at 1:26 am

Not at all I should think. But these card companies are sooooo slimy in getting those extra dollars from a person. Exhorbitant interests rates, plus the extra “humongous” fees for overdraft. I always try to pay everything at the end of the month and thus, I pay them nothing in “user” fees.

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