topic Re: Late Payment/Capital One in Credit Cards

Late Payment/Capital One

AyaMai — Mon, 17 Jul 2023 21:48:40 GMT

A co worker was late in paying his payment due date by 3 days & was charged late payment fee. My question is would Capital One report it as late payment to credit reports bureaus or not. He didn't have the automatic payment turned on.

Re: Late Payment/Capital One

Lou-natic — Mon, 17 Jul 2023 22:18:34 GMT

No, has to be 30 days late before it is reportable to the CRAs.

If your friend has never had this happen before (this was his first time) and the account is in otherwise good standing he would be smart to call and get the fee reversed. They usually will for a first offense.

Re: Late Payment/Capital One

Anonymous — Mon, 17 Jul 2023 22:43:36 GMT

@Lou-natic wrote:
No, has to be 30 days late before it is reportable to the CRAs.

If your friend has never had this happen before (this was his first time) and the account is in otherwise good standing he would be smart to call and get the fee reversed. They usually will for a first offense.

Right. At one point I saw some info that it COULD be reported, because the actual bucket was 0-30 days late. But that doesn't appear to be true. The credit bureaus say otherwise!

What to Do if You're Late on a Credit Card Payment - Experian

Late card payments won't show up on your credit report as long as you pay within 30 days of the due date. Your credit card issuer may also offer a one-time late fee waiver and could remove the penalty APR upon request.

And similar stuff from the other bureaus.

Re: Late Payment/Capital One

Brian_Earl_Spilner — Mon, 17 Jul 2023 23:08:45 GMT

I thought cap1 got rid of late and over limit fees

Re: Late Payment/Capital One

binaryhermit — Tue, 18 Jul 2023 22:46:30 GMT

I think that was overdraft fees for people who overdrafted their checking accounts,