Thursday, November 26th, 2009
How late on a car payment can you be before they report to the credit bureau?
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 have fallen behind in the year and a half we have had the vehicle. I appreciate any input you may have. Thanks!
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 have fallen behind in the year and a half we have had the vehicle. I appreciate any input you may have. Thanks!
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November 28th, 2009 at 4:53 am
Read your loan contract. Usually says 10 days. Call the lender and explain you will be late and will pay the late fee.