I made one late payment and it was reported to the collection buruea. How would it effect me in the future? ie: buy a car, house, loans, and etc…
How much would one late credit card payment will effect my credit report/score for now and in the future?
20
Mar
That Girl
March 20, 2010 at 3:46 pm
ONE TIME IS NO BIG DEAL. I WORK AT A CAR DEALERSHIP AND WE ONLY REALLY PAY ATTENTION WHEN IT’S SEVERAL LATE PAYMENTS. NOT JUST ONE.
sunshine
March 20, 2010 at 4:17 pm
Is it 30 days late? If you pay it late less than 30 day, no one can tell on your credit report however if it is over 30 days it will drop your score 20-100 points temporarily. You can recover in a few months with on time payments. Remember if you must be late pay it less than 30 days late to avoid the 30 day late on the credit.
SPIFIMAN1
March 20, 2010 at 4:32 pm
One time late is no big deal, your score will drop but as long as you make the next 6 as agreed your score will recover and lenders will not hold it against you.