08-29-2012 01:47 PM - edited 08-29-2012 01:49 PM
Last month I was late on my credit card payment. I initiated the payment on the 29th day after it was due, but it posted on the 30th day. This has not been reported yet on the CR. Is there anything I can to prevent this from reporting? What would happen if I closed the account?
08-29-2012 01:56 PM
08-29-2012 02:18 PM
Closing the account isn't going to stop any lates from hitting your credit report.
I'd call the CC company before they have a chance to report. Explain your situation, confirm the date your payment went through, and see if there will be any late payment fees and if they will report it. Try to stop it before it happens (if anything is going to).
08-29-2012 02:42 PM
Most card companies, won't report a late untill its 30 days late. Call up the company and explain what happened if you have been a good customer for a while they will usually take off the late fee and all will be fine.
08-30-2012 08:49 AM
But, don't be surprised if they hit you with the 29.99% penalty APR. I got hit with that for being 1 day late on my Slate card. Never reported a late on my cr .. but still sits at that 29.99 rate. I PIF so it doesn't matter, its just the frikkin principle ...
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.