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I thought i scheduled an online payment but i didnt. well my payment was due friday the 10th.. i had a family emergency on thursday so i just double checked online and i had not scheduled the payment, i just paid online and was charged a 39 fee... i will pay the fee but does anyone know if capital one will report this late on my credit... a friend of mine said she paid late and wasnt reported... i am going to call them tomorrow morning.
does anyone else know capital one is with reporting late payments?
thanks
The general rule is that a creditor will not report you late on your credit report until you are 30 days late. Granted it seems like creditors' SOP is changing hourly...
You should be okay but call right away and see if you can get mercy on the late fee if you've never been late with them before. Best wishes!
You will not be reported to a credit bureau as "late." It takes past the second due date for most companies to report you.
Cap one will see in their system you were late. (that could be bad for their internal risk monitoring--you really want to be carefull from now on with Cap one)
In all probability it is worth 30 minutes of your time to call Cap one and speak to a CSR and explain your situation and try for a good faith credit of the fee.
I mean 30 minutes for $39.00.
I realize this thread was started quite a while ago but I had to comment. I had two months in a row where I was short on my payment $4.00 the first month and $2.00 the second. I actually paid more than the additional amounts within a few days of the due dates but because I didn't pay the minimum by the due date for 2 months in a row, they raised my interest rate from 5.99% to almost 29%. I called twice and was told that there wasn't anything they could do. They would revisit my rate in a year if continued to make all payments on time. Even threatening to pay off the card and cancelling it didn't faze them. So right or wrong, I withdrew money from my Mutual Fund and my Roth IRA to pay them off.
To me raising my rate to 29% is criminal just because I was short $6.00.
Hi welcome to the forums.
@Anonymous wrote:I realize this thread was started quite a while ago but I had to comment. I had two months in a row where I was short on my payment $4.00 the first month and $2.00 the second. I actually paid more than the additional amounts within a few days of the due dates but because I didn't pay the minimum by the due date for 2 months in a row, they raised my interest rate from 5.99% to almost 29%. I called twice and was told that there wasn't anything they could do. They would revisit my rate in a year if continued to make all payments on time. Even threatening to pay off the card and cancelling it didn't faze them. So right or wrong, I withdrew money from my Mutual Fund and my Roth IRA to pay them off.
To me raising my rate to 29% is criminal just because I was short $6.00.
But....you agreed to it. you did.
And if I was short by 1.00 on my car payment I would receive phone calls and late payments. You did not pay for 2 months in compliance with the agreement you engaged to do your business under.
That was a pretty darn expensive $6.00 oversight.
I am sorry it cost you money, but that is how they do business.