You may get sent back to prison.
report is a verb report - I report to the probation officer everyday. reported - I reported late yesterday. reporting - I have been reporting for 3 months now
It all depends on what you mean by "late." A few minutes late - a few hours late - a few days late - etc. - etc.
The Late Report was created in 1999.
You would probably just be charged a late fee. And there would be a negative comment on your credit report as well.
They charge you a late fee, it goes on your credit report and you could get a phone call from the loan company.
yes
A mortgage will first reflect as a late payment on your report once it is 30 days late -- at the Lender's discretion. Call the Lender to see that the mortgage was posted in time. Even if it was only a day or so late, and you have a good history with them, they may choose to not report this payment as late. If it was a day late, and you don't ask, they will report it.
They wount report b/c you weren't 30 days late. Most times they dont even report the 30 days late. you usually have to go 60 days late.
Most creditor/clients of the CRA's report monthly via automated tapes. Some creditors report sporatically, some never report. Some only report when you are late, like utility companies. Most creditors report on a 30 days cycle, but that isn't always the beginning or ending of the month. It will also take some time to report on your credit report. So probably you are looking at a 60 days turn around on most late payments.
I've always heard that companies can't even legally report you until you're more than 30 days late.
Yes.
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.