How does a late payment effect your credit score?

I checked my online account and noticed that all of my previous payments had been posted as of the 13th. It is now past the 13th of this month and I never recieved a bill. I am worried how this error and subsequent late payment will effect my credit score as this is my first credit card.

How does a late payment effect your credit score?

Call them as soon as possible, if you have a good track record with them they might not report it as late, just charge you the fees.

If they do report it as late, it%26#039;s not the end of the world. It will effect your credit score but if you are on time with your payments for the next 6-months it will come right back up.

How does a late payment effect your credit score?

Call them and check. A late mark will tank your credit score. NEVER pay a bill late. Most places tack on fees as well.

How does a late payment effect your credit score?

Being late on your credit card company is one thing, them reporting you late is another. If your payment is due on the 13th, your credit card company probably will charge you a late fee, but you have to be 30 days late for this to be reported to the credit bureaus. That means that you would go on until the 13th of the next month without a payment. Now you are entering serious territory, since being reported late on a credit card payment will affect your credit quite adversely.

I suggest calling your card company and making arrangements to pay as soon as possible, even if it is the minimal amount as to avoid being 30 days late.

How does a late payment effect your credit score?

You can always dispute it. . Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters閳ユ敄his is the key閳?.people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.