Reader’s Question
Hi there,
I had a bill due around May 2nd, but was not able to pay the bill until May 29th. However, the creditor reported it on my credit report as a late payment. I heard that the creditor only shows deliquencies after 30 days. Am i correct?
My Response
Hi [name removed],
Generally it is the case that creditors only report late payments that are 30+ days late. However, this is not a rule and the creditor could technically report it late at their discretion (given that the payment was indeed late). Nonetheless, I would at least give them a call and ask if they will give you a break and remove the negative entry –you might be surprised.
Hope this helps,
Ashley
{ 1 comment… read it below or add one }
This is very true. Businesses will sometimes help you just because you were honest and upfront with them. Honesty is always the best choice. You may have saved yourself the trouble by telling them before it was due. Something to think about next time this issue arises.