okay my car payment is due one the 12th. they do not charge a late fee until the 28th. if i waited til the 17th to pay would this affect my credit score.
No it will not affect your score. That would require the payment to be 30 or more days late.
What it will do is set up something that most consumers know nothing about. "Internal lates" This is when people pay their car payments late but not so late that they can be reported as late.
I work in the auto finance business and I see this every month. I will get a customer who according to their bureau has never been late and submit their application to the same lender and it will be turned down. Every time this happens when I call and ask the buyer what are you smoking these people have paid you great, their response is always the same. No it just looks like they have. Let somebody else finance their next car, we do not want them back.
If you don't get a late fee until the 28th, then technically it's not really due until the 28th and won't get reported to the crediting agencies unless you pay after this date. You'll be fine.
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No it will not affect your score. That would require the payment to be 30 or more days late.
What it will do is set up something that most consumers know nothing about. "Internal lates" This is when people pay their car payments late but not so late that they can be reported as late.
I work in the auto finance business and I see this every month. I will get a customer who according to their bureau has never been late and submit their application to the same lender and it will be turned down. Every time this happens when I call and ask the buyer what are you smoking these people have paid you great, their response is always the same. No it just looks like they have. Let somebody else finance their next car, we do not want them back.
If you don't get a late fee until the 28th, then technically it's not really due until the 28th and won't get reported to the crediting agencies unless you pay after this date. You'll be fine.
no because u have til the 28th of each month to pay it I think after the 28 it may
No u r o.k the company won't report it until 30 days late to the credit bureau.
No.You're ok.