Thursday, November 26th, 2009
If a late payment fee is reversed by my credit card company, will I still take a bad hit on my credit report?
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 month?
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 month?
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December 2nd, 2009 at 4:55 pm
You have to call the bank and confirm that they will not report late payement to Credit bureaus. They may make consideration for you for the first time but later they would just refuse. Try to set online payment system where you can pay your bills online. I always pay my bills online and rarely use postage.