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When the creditor reports you as late, even if one day past the due date, they can. It just means you did not pay by the scheduled due date.
But the CRAs have strict criteria stating that late payments cannot be on your credit report until you are at least 30 days past the due date.
So your 5 day late payment will not count against you. If it did that is disputable.
No. The paragraph below that explains how the CRAs report late payments. You have to be 30 days past the due date to be considered late and reportable on your credit report.
You should only see a late payment if you are more than thirty days late. I was once about the same number of days late once on a credit card payment. After making a pyament in full to the credit card company I asked the CSR if this would affect make credit. The CSR said no for the same reason stated above. My credit was not affrected. What caused the problem was for some reason I did not put the payment into my bill pay. I had the money to pay the bill. The end result I think I have a couple more grey hairs now than before this happened.
Hope this helps
As others have pointed out, in order to be reported late on a credit report, it has to be 30 days past the due date.
Some loans have windows such as a car loan with 10 days past the stated due date, or a mortgage that may allow up to 15 past the due date before a late fee is charged.
Most credit cards, however, implement a late fee immediately, and can retain that information, adjust APR or credit line, for being as little as one minute past their established cutoff time, such as 5:00 PM on the due date.