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.
It sometimes takes a month or two to be added as a negative on your credit report.
YES THEY ARE.
Some credit report companies offer a month of trial period, you can use that to get a free credit report. You can also request for free annual credit report through TransUnion, Equifax and Experian.
Your credit report, credit rating and credit scores do not reflect any difference in paying the full amount on a credit card account or paying the minimum amount. What is tracked and recorded on your credit report is whether or not you pay the account ON TIME. It is a completely different factor to your "bottom line" in the amount of interest you pay. so consider all the facts before you decide how much to send in.
"No, one does not need perfect credit to obtain a ING mortgage. You would be able to obtain one with a stable income every month for at least 2 years time and some credit."
Depending on how soon the reporting collectipn agency notifies the credit bureau, and then I think the bureaus update the first of the month
Probably next month, when your next payment would have been due. -Jesse
It sometimes takes a month or two to be added as a negative on your credit report.
YES THEY ARE.
Some credit report companies offer a month of trial period, you can use that to get a free credit report. You can also request for free annual credit report through TransUnion, Equifax and Experian.
Supposedly every month
Your credit report, credit rating and credit scores do not reflect any difference in paying the full amount on a credit card account or paying the minimum amount. What is tracked and recorded on your credit report is whether or not you pay the account ON TIME. It is a completely different factor to your "bottom line" in the amount of interest you pay. so consider all the facts before you decide how much to send in.
"No, one does not need perfect credit to obtain a ING mortgage. You would be able to obtain one with a stable income every month for at least 2 years time and some credit."
Creditors may report any time there is activity on your account, if a credit report is pulled [for a credit application] or if payments are made late. Capital One may report every month whereas a smaller department store card may not report at all. It solely depends on the creditor on how often the credit report is updated.
Mortgage APR Calculator Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage. Press the report button for a full amortization schedule, either by year or by month.
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.
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.