Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012
CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

Hi all,

 

Need to understand if I have any recourse for 2 - 30 Day Lates on my Mortgage reporting on my credit report.   

 

1.)  Mortgage is due 1st of every month

2.)  15 day grace period before late fees - 15th of every month

 

On both of my lates,  I paid my mortgage plus the late fee on the 17th of the month (less than 30 days).       My credit report is reporting 30 days late.     I've been told they technically can do this.  

 

That said, are their any options available to me to have these not report as 30 Days Late?    

 

Thanks in advance.

 

 

 


Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


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Moderator
pizzadude
Posts: 8,974
Registered: ‎01-28-2010
Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)
They should not report you as 30 days late unless your payment is received at least 30 days after the billing due date, which would be the 1st of the next month. The standards & guidelines for credit reporting are clear on this. I'd write them a polite but firm letter asking them to remove the late payment notations.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012
Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

thanks for the response.    now i'm not as nervous

 

i'm going to be sending a letter tomorrow with the payment receipts for the 2 months showing they were not paid after 30 days, but actually only 17 days late.

 

I will update this thread when I hear back.

 

happy new year.


Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


Take the FICO Fitness Challenge

Moderator
pizzadude
Posts: 8,974
Registered: ‎01-28-2010
Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)
Good luck ! Let us know how it works out...
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX