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I Messed Up

Established Member

I Messed Up

I applied for a mortgage and everything has been going well. The settlement date is on 7/21/2017. Somehow in all the stress and excitement of buyung a house and excrutiating pain from a back and shoulder injury (which isnt an excuse) I forgot to make a payment to my student loan yesterday.  

 

I am so crushed and disappointed with myself. 

 

Will this affect my loan? How should I address it? 

10 REPLIES
Valued Contributor

Re: I Messed Up

how many days late from your due date?


Message 2 of 11
Established Member

Re: I Messed Up

My due date was yesterday 7/12 I just realized and paid it today.

Message 3 of 11
Valued Contributor

Re: I Messed Up

hahaha, you're fine! nothing to worry about :-)


Message 4 of 11
Established Member

Re: I Messed Up

Really??? I just shed a bucket full of tears at my desk.

 

Should I let anyone know? 

Message 5 of 11
Moderator

Re: I Messed Up


llexx wrote:

Really??? I just shed a bucket full of tears at my desk.

 

Should I let anyone know? 


Nope. Just make the payment and thank your lucky stars you remembered early enough that it won't hit your credit report Smiley Happy

Message 6 of 11
New Contributor

Re: I Messed Up

long as it posts before you hit over 30 days. 1 day late is not going to affect you at all like others have said.  Do student loans have late fees? That is all you need to worry about. 

Message 7 of 11
Established Contributor

Re: I Messed Up

It would be less stressful if you set an autopay up for recurring loan payments.  I have autopay on all my credit cards, mortgage, auto loan, utilities, etc., it just makes it easier and puts the onus on the creditor to make sure he is paid.  Some people don't like to do that because they feel they are giving power away, but I've never had an erroneous payment made.

Message 8 of 11
Moderator

Re: I Messed Up


Watchmann wrote:

It would be less stressful if you set an autopay up for recurring loan payments.  I have autopay on all my credit cards, mortgage, auto loan, utilities, etc., it just makes it easier and puts the onus on the creditor to make sure he is paid.  Some people don't like to do that because they feel they are giving power away, but I've never had an erroneous payment made.


Nope.  Nothing transfers to the creditor as far as responsibility goes. It is a good idea to have the autopay - but it is still the debtors responsibility to make sure that the creditor took the payment on time. You can't push an error in autopay over to the creditor.  That's why you have to check your accounts yourself each month. 

Message 9 of 11
Contributor

Re: I Messed Up


Watchmann wrote:

It would be less stressful if you set an autopay up for recurring loan payments.  I have autopay on all my credit cards, mortgage, auto loan, utilities, etc., it just makes it easier and puts the onus on the creditor to make sure he is paid.  Some people don't like to do that because they feel they are giving power away, but I've never had an erroneous payment made.


This does not put the onus ont he creditor to get paid.  Most say we are not responsible if you overdraft or you do not have enough funds to pay the bill.



Equifax - 644
TransUnion - 641
Experian - 639
Message 10 of 11