0
No. As long as it's paid in time. It's OK.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
Are late fees removed from the balance when paid with a regular payment?
Yes, for most loans. For most loans, the late fee is added to the minimum payment required (and the balance at the time of incurring the late fee) and will be deducted from the balance once the payment is received.
What if you are thirty day late on a payment?
The creditor can charge you a late payment fee and report you late to the credit bureaus. One 30 day late payment can lower your credit score 90 points and cause you higher interest rates and cost you more money in the future. You can try to contact your creditor and ask to have the late payment removed if you have paid on time. You can also dispute it to the credit bureaus and try to have it removed that way.
If February has 28 days and you paid your mortgage on March 1st the 29th day should this be reported as a 30 day late?
No. Also most mortgage lenders have a "grace period". The payment will be scheduled for a specific date such as the 15th of the month, but not considered late until the 25th or something similar. Pertaining to automatic withdrawals, if the withdrawal date falls on a bank holiday, the payment will be withdrawn the next regular business day. That also would not be categorized as a late payment.
Will paid bills remain on your credit report?
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
If late payment was to be paid today but wasnt can they reposses today?
if payment due today can it be repossed today
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
Are late fees removed from the balance when paid with a regular payment?
Yes, for most loans. For most loans, the late fee is added to the minimum payment required (and the balance at the time of incurring the late fee) and will be deducted from the balance once the payment is received.
What is a delinquent mortgage versus a late mortgage?
I believe there is no difference. Anyone who has not paid their mortgage payment on time is "late" or delinquent.
What does it mean if you receive a rent payment letter?
This is likely a late rent payment letter. This type of letter is written by a landlord to inform a tenant that rent payment is late and should be paid as soon as possible. If you have paid your rent, you may want to contact you landlord regarding the possibility of it getting lost in the mail.
Are late fees paid by a tenant considered income?
jfc
When Payment by mail considered paid?
Since the United States Postal Service is a legal agency representing a company, the postal date on the envelope is considered the date of payment.
What if you are thirty day late on a payment?
The creditor can charge you a late payment fee and report you late to the credit bureaus. One 30 day late payment can lower your credit score 90 points and cause you higher interest rates and cost you more money in the future. You can try to contact your creditor and ask to have the late payment removed if you have paid on time. You can also dispute it to the credit bureaus and try to have it removed that way.
If February has 28 days and you paid your mortgage on March 1st the 29th day should this be reported as a 30 day late?
No. Also most mortgage lenders have a "grace period". The payment will be scheduled for a specific date such as the 15th of the month, but not considered late until the 25th or something similar. Pertaining to automatic withdrawals, if the withdrawal date falls on a bank holiday, the payment will be withdrawn the next regular business day. That also would not be categorized as a late payment.
Is it true that as long as you make your mortgage payment in the same calendar month the mortgage lender cannot report you as being late onyour mortgage payment correct?
This would only be true if you have it specified in your loan agreement. Otherwise, as a general rule, anything paid after 10 days past the due date is considered late and incurs a late fee as well as being reported to the credit bureau(s) as less than 30 days late
If you told the landlord your payment will be late and the co signer paid the rent without you knowing can he take you to court for the payment?
Yes. Obviously the co-signer was protecting their credit by paying the rent.
Can an auto mechanic keep your car until you have paid for the work that was done?
Yes. And, he can charge you storage and late payment fees on top of it.
