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If you pay your mortgage on time with a check that is dishonored by your bank and then that mortgage is sold prior to the end of the next month will that 30-day late pay show up on your credit report?
Wiki User
∙ 18y ago
In cases where your mortgage is sold to another bank, you usually have a grace period of 30 days or more to pay the new company. If the old company says you are late, then you are late and it will eventually show up on your credit report. But call your mortgage company to be sure of all this, they will work with you since they want your business and don't want to have to take your home away - they get a lot less for it at an auction. You may have a fee to pay for being late.
Wiki User
∙ 18y ago
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