No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Do you mean the first time 60 days late and it's reporting, then a subsequent 30 day late reporting for a total of two late payments reporting? If yes, your scores will go down with an additional late payment.
Not necessarily. A payment in the amount equivalent to two monthly payments on an account that is 60-days late would result in a 30-day reporting the following month, instead of a 90-day. At that point, only the most recent payment is late, and it's not 90 days late, it's only 30 days late.
RobertEG wrote:I assume these are separate accounts.If you were 60 late on the last report, and another 30 late on that same account the next reporting period, it would show as an additional 90 late, and not a 30 late. Your post is a bit confusing.
I'm not sure about the others, but I'm a bit confused here. My reply might be off. Please clarify!
GETNUMBERSUP wrote:
If I was 60 days late my last reporting period and this reporting period I am now 30 days late does my score go up or down?
I think the confusion is in regards to how you could go from being 60 days late one month and then 30 days late the following month. Is that because you have made a payment in the meantime, but not enough of a payment to bring the account current, as I speculated above?
GETNUMBERSUP wrote:sorry...example...i have ABC credit card and for December I get a 60 mark on my report..the CCC updates the following month and instead of me being 60 days late I am now 30 days late...what effect would that have....in other words it still a negative mark but, i have improved from being 60 to 30 days late..hope this makes sense now..
In that case, I agree with fused's answer above. Another late payment is another late payment, and all else equal, yes it will hurt your score.
GETNUMBERSUP wrote:yep...
@Anonymous wrote:
@Anonymous wrote:yep...In that case, I agree with fused's answer above. Another late payment is another late payment, and all else equal, yes it will hurt your score.
But it will hurt less than if you hadn't paid at all, and allowed it to now post as another 60 or as a 90.
Any time that you can stop lates at the 60 day mark, it will help you bunches on down the road. A 60 will not hurt that much after 2 years, and barely at all after 3. Whereas a 90...