08-16-2012 12:05 PM
No, it should not affect your credit score. Its only if you are 30 days late or more is when a lender can report lates to your CRs. Even though it doesnt affect your CRs, It may affect the relationship with your lender by paying late.
08-16-2012 12:56 PM
Obviously it's not great for the relationship, and it will probably cause you to pay more than you should (late fees, rush payment if very late, etc). However I was in over my head on an auto loan from Chase 3 years back and was consistently 20-29 days late until the day I paid it off. On my credit report it reads with immaculate payment history. I feel like if I went back to Chase for an Auto loan today however, they'd probably dive into my old account and see how reckless I was.
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08-17-2012 05:29 PM
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