if you ignore your obligation, it will eventually come back to haunt you
Faster payment credit Faster payment credit
Yes ... why would a creditor someone even consider taking a credit card payment from someone who has a history of not paying their credit card bills. Think !!!
It means that you can no longer purchase goods on credit. You will have to make payment for the items you get immediately.
That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
"CL payment" on a bank statement typically refers to a "credit line payment." This indicates a payment made towards a line of credit, such as a credit card or personal loan. It shows that you have made a payment to reduce your outstanding balance or credit utilization. If you have further questions about specific transactions, it's always best to contact your bank for clarification.
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.
A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.
ANSWER That is correct. If the creditor is not reporting to the major bureaus there is no report... good or bad.
Get a copy of your report and write the creditor responsible for the discrepancy.
If your creditor has obtained a judgment against you, yes.
The rules for credit card payment at Home Depot is their monthly payment has to be received by the due date specified on their credit card statement or they could receive a late charge.