@RobertEG wrote:Being late on a payment and having a 30-late that is reportable to a CRA are entirely different.
A payment is late under your account agreement based on the billing due date set in the billing statement, which is usuallly 30 days fron the billing date.
A payment becomes a reportable 30-late to a CRA once it is 30 days past the billing due date.
There is thus a period of 30 days where an account is late, and thus subject to late fees, etc., under the account agreement, but not yet a reportable 30-late.
That is clearly set forth in the standard CRA reporting manual.
So are you saying if a bill is due 1 Jan that it is not a reportable 30 day late to CB until around 28 Feb ?
