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They can do it but isn't standard industry practice.
Be contrite and try for GW removal, if no luck I would take additional steps.
Watch the timing of your payments like a hawk.
Unfortunately, they can report you for being one day late.
Recommend you contact Issuer as soon as possible to see if they will allow some “Good Will” by removing the late payment from your credit report.
Each Creditor has their own policy about being late and when it’s reported.
Never will hurt to call.
Good Luck
There was an article on yahoo about that this week. They can and will report the late payment if you're not considered a good customer.
Personally, it does not make sense to me. Last time I checked, 2 IS NOT EQUAL TO 30. I have had late payments up to 29 days NOT reported as 30. I am not a lawyer, but, something doesn't smell right to me about this. I suppose it wouldn't hurt to try to find a lawyer on line that would answer this question (for free, that is)
I strongly disagree. Your CCC was, apparently, wrong!
No, they cannot report you for being one day late of your due date. That is simply incorrect.
I will quote you direct language from the CRA reportiung manual:
"when reporting delinquent accounts, the "clock" for a 30-day delinquency starts 30 days after the due date, as opposed to the billing date."
(Credit Reporting Resources Guide, (c) 2006, Consumer Data Industry Assoc.)
Being late on an OC payment is NOT the same as permitting the OC to report a late to a CRA. Apples and oranges.
Here is the way the system works.
Your CCC issued a biliing statement in April that set a due date for minimum payment as of May 13th.
You then paid what was billed, but two days late.
What that subjected you to were the terms of your account agreement with the OC, which probably permitted them to do vial things to you, such as imposing late payment fees,, and maybe resetting all of your acccounts to the max % APR. Those are things between you and the OC.
But credit reporting of a late to a CRA is NOT based on being 30-days late from a billing date. It is based only upon a reporting of non-payment that extends more than 30-days from the due date.
If paid within two days after the due date ,their credit reporting was clearly improper.