Hello All,
I have an account that I pay on bi-monthly (every two weeks). I have been a few days late on this account about 3 times over the last couple years. To my shock, when I pulled up my credit report, the lender has reported me as 30 days late all three times.
When I called the company, the CS rep explained that "that's how it works when you are paying bi-weekly. 30-days does not mean 30 calendar days.".
Is this true?
Does 30-days late mean
- Late by 30 calendar days,
OR
- Payment not received before next due date in cycle (whether it's monthly, bi-weekly, etc.)
Thanks!!!
Confused in Dallas :-)
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TU:529 EQ: 529 EX: 524
Goal: 650+ June 2013
*************** 6/7/2013 *************
***** EQ 682 EX 655 TR 621 *****
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