Thursday, November 26th, 2009

Will a credit card payment that was 3 days late effect my credit score?

late payment
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 of days late before they report it to the credit beuraus?

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15 Responses to “Will a credit card payment that was 3 days late effect my credit score?”

leaf Says:
November 27th, 2009 at 8:48 am

At three days late, it shouldn’t. However, policies vary from company to company but usually anything under 30 days shouldn’t show up.

SPIFIMAN1 Says:
November 30th, 2009 at 9:32 am

As long as it is not 30-days or more late they will not report it as late.

Don E Says:
December 1st, 2009 at 7:51 am

Yes ,Just cut them up,problem solved.

ntate713 Says:
December 2nd, 2009 at 6:07 pm

Most have a 10 day grace period.

COOKIE Says:
December 5th, 2009 at 4:05 am

Usually over 30 days.

Also, you can call the credit card company and have them reverse the “late” fee so he won’t be charged for that.

They will reverse the fee if he has had timely payments but
will do it only once per year.

Good luck.
and tell him to chill out.

Likeitornot Says:
December 5th, 2009 at 9:38 pm

No. Usually a creditor will report you to the Credit Bureau only if your payment is 30 days or more late.

Most credit cards are pretty good and they accept payments on time as long as it is made before your next statement is printed.

Kristy M Says:
December 7th, 2009 at 10:38 am

Probably not, but it might slow up as a “slow pay” with an “X” for this month. Usually, it has to be more than 30 days to report late.

aanatami Says:
December 10th, 2009 at 5:30 am

They usually only report it at 30 days late. Call the company and ask. They will waive a late charge at least once a year so ask for that too. Ask them if they will be reporting it late on your credit score.

vinny Says:
December 12th, 2009 at 11:53 pm

Probably. They get you even if it is 1 day late.Then they raise the interest rate.It happened to me.

cprucka Says:
December 15th, 2009 at 8:31 am

1 day is late. They won’t let you make 2 payments and add it to your account. They take it all and put it on the one month, It’s a catchers catch can!

AUNTY EM Says:
December 17th, 2009 at 11:59 am

There isn’t really a ‘score’ as such so he need not worry too much. If you do keep an eye on your credit report, you can add notes to late payments e.g. was on holiday but paid as soon as returned. I do that and my credit report is sweet but I don’t bother with a ‘score’ as different companies have different criteria and so they look at different things on your account. A couple of late payments are neither here nor there unless you are blacklisted or have CCJs!

joe friday's grrl Says:
December 19th, 2009 at 4:50 pm

I think your friend may be fudging a little, perhaps three days late for an arranged payment of something that was already late before(?) Just wondering, because it usually takes being AT LEAST 15 days late, and more often a full month, before most companies go to the trouble of reporting it to a credit bureau. Someone who has made just one late payment on a credit card is pretty rare, btw, and probably has an excellent credit score by today’s standards.

sarah.campbell81 Says:
December 20th, 2009 at 8:48 pm

I do think it has to be a specified number of days. I have often paid bills etc late sometimes it is iut of my control though most were ayed within a week or so. I think its when they start to send out letters to inform you that you are late in paying.

FinanceGuy Says:
December 23rd, 2009 at 1:07 pm

******* Your credit will not be affected by a payment less than 30 days late. It’s just impossible. However, his rate will likely increase with that one simple late payment. Aside from that, STOP CHECKING YOUR CREDIT SO OFTEN. Thats the reason why his score is going down. *********

ez_0429 Says:
December 24th, 2009 at 11:34 pm

Was your husband charge a late fee?

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