0
Is being delinquent the same as having a late payment on credit report?
Wiki User
∙ 13y ago
..Que?
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How often can your credit score increase?
Credit scores can increase or decrease monthly depending on when your creditors report items on your credit report. Typically creditors only report items to the credit bureau every two to three months, but if you make a late payment of 30 days or more delinquent they report monthly.
If you make a payment on a loan and you still owe more on that monthly payment can they refuse payment and what happens if they return your payment because it's not enough?
It depends on your contract. Most will take your payment then phone you. Please note that if you don't call first, you will get a "ding" on your credit report. The reason for this is that if they don't change your payment amount in the computer FIRST, then the when the credit reporting program is run at the end of the month, it will note you as "delinquent" and report that to the credit bureaus. You see, "delinquent" may be due to under-payment or non-payment. Note that in addition to paying a fee, lenders are obligated under contract to provide information about payment progress to the credit bureaus in exchange for their capability to pull data about prospective borrowers. Most lenders are willing to help get you by a "hump". They don't want you to "skip". Hope this helps.
What happens to your credit report if you have a late payment and finance charge?
Maybe nothing. It depends upon whether the credit card company reported the delinquent activity to the credit bureaus. If it was a one-time issue (and otherwise you're always on time with your payments) you can contact the credit company to ask that they waive the late payment fee as a customer courtesy, just explain it was an oversight on your part and won't happen again. You can also ask if they reported the missed payment to the credit bureaus, or run your credit report to find out yourself.
Can you get a late payment removed from your credit report?
A late payment can be removed from your credit report. Any information you believe to be erroneous or inaccurate can be disputed with the 3 major credit bureaus and if that information is not verified, it must be removed.
How can you get a new credit card to report to bureau immediately?
They report nightly. The payment history will take time and after a year your credit will show your progress.
How often can your credit score increase?
Credit scores can increase or decrease monthly depending on when your creditors report items on your credit report. Typically creditors only report items to the credit bureau every two to three months, but if you make a late payment of 30 days or more delinquent they report monthly.
Your credit report says bad debt write off but you have been paying them every month for 2 years can they still report as delinquent 120 days?
I've seen this done before. It's the credit report agency who determines it counts as being delinquent; not the actual creditor. It will be fine once you are done with the payment program but it'll hurt for now.
How can you remove delinquent utility bills from your credit report?
You can only remove bills if you pay them or if the bills are listed incorrectly on your credit report. It is best to pay them off and then the bills will not be listed as delinquent.
Repo how long will it take to get on credit report?
If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
If you make a payment on a loan and you still owe more on that monthly payment can they refuse payment and what happens if they return your payment because it's not enough?
It depends on your contract. Most will take your payment then phone you. Please note that if you don't call first, you will get a "ding" on your credit report. The reason for this is that if they don't change your payment amount in the computer FIRST, then the when the credit reporting program is run at the end of the month, it will note you as "delinquent" and report that to the credit bureaus. You see, "delinquent" may be due to under-payment or non-payment. Note that in addition to paying a fee, lenders are obligated under contract to provide information about payment progress to the credit bureaus in exchange for their capability to pull data about prospective borrowers. Most lenders are willing to help get you by a "hump". They don't want you to "skip". Hope this helps.
What happens to your credit report if you have a late payment and finance charge?
Maybe nothing. It depends upon whether the credit card company reported the delinquent activity to the credit bureaus. If it was a one-time issue (and otherwise you're always on time with your payments) you can contact the credit company to ask that they waive the late payment fee as a customer courtesy, just explain it was an oversight on your part and won't happen again. You can also ask if they reported the missed payment to the credit bureaus, or run your credit report to find out yourself.
Who can report delinquent accounts to credit reporting agencies?
Any creditor you owe money to can report your delinquent accounts. Generally utility companies and cell phone providers will only report if you have an unpaid balance. Credit cards, mortgages and installment loans are 99.99% of the time reported.
Will having a payment plan with a collection agency greatly reduce your credit score?
No. Once a person is being threatened by a collection agency, there is a high liklihood that the damage to the credit report is already done - a chargeoff or collections transline will already be in your credit report. Having a payment plan merely gets the debt paid and on-time payments are usually NOT reported (however, if you miss a payment, that company can and will send a negative tradeline to further damage your credit reputation).
What is delinquent credit history?
A delinquent credit history refers to instances where a borrower has failed to make timely payments on their debts. This can negatively impact their credit score and make it harder for them to obtain credit in the future. Delinquent accounts can stay on a credit report for up to seven years.
Their are old credit cards on your credit report that are 10-11 years old under the statute of limitations of North Carolina you should be able to remove them right?
The SOL goes by the last time you made a payment or when they reported you delinquent. If your card qualifies then contact the credit reporting agencies and tell them to remove it.
Can you get a late payment removed from your credit report?
A late payment can be removed from your credit report. Any information you believe to be erroneous or inaccurate can be disputed with the 3 major credit bureaus and if that information is not verified, it must be removed.
Do credit card companies by law have the right to periodically do a credit report on you?
You bet your credit report they do. That is their right ... Banks and Credit Unions will also do this periodically if they so feel inclined. If one is paying all their bills on time and have no delinquent accounts or have their credit cards maxed out, then they should have nothing to fear from a credit report query.
