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PonyBoy9
Posts: 1
Registered: ‎09-27-2012
Definition of Late Payment?

Over a span of 5 years I have not been late on any of my student loan payments. This past month I moved and the letter was sent to me after the date in which it was due. All said and done, I sent in the payment a week after it was due. Will this affect my credit?

 

In general, how late is late for it to affect your credit? Is it only when they report you to a collection agency?