topic Re: Chase MasterCard - Late in General Credit Topics

Chase MasterCard - Late

Anonymous — Tue, 09 Mar 2010 09:25:57 GMT

So I'm out of town and I was meaning to go to a Chase branch to pay my credit card, I had a minimum payment of $48 due. I paid $25 online and meant to pay the remaining in a branch. This never happened. I was charged a late fee because of this, but my main concern is my credit report/score. The payment was due yesterday, 3/08. If I pay it today, 3/09, or any day this week, would it still appear on my credit report as a late payment?? This has never happened to me before

Re: Chase MasterCard - Late

marty56 — Tue, 09 Mar 2010 10:20:06 GMT

Most likely they would not report it late. I would pay as soon as I could and definitly before they next statement date. I would also call and explain why you were late. Most likely Chase will AA you so I would also try to work that out with them as well.

Re: Chase MasterCard - Late

Anonymous — Tue, 09 Mar 2010 13:03:40 GMT

@Anonymous wrote:
So I'm out of town and I was meaning to go to a Chase branch to pay my credit card, I had a minimum payment of $48 due. I paid $25 online and meant to pay the remaining in a branch. This never happened. I was charged a late fee because of this, but my main concern is my credit report/score. The payment was due yesterday, 3/08. If I pay it today, 3/09, or any day this week, would it still appear on my credit report as a late payment?? This has never happened to me before

They report when it is 30 days late.

Re: Chase MasterCard - Late

Anonymous — Sat, 13 Mar 2010 10:15:41 GMT

Chase ended up being very gracious with me. The CSR confirmed with me that they only report negatively when it's 30 days late, and he even removed the $39 late fee! I am very pleased with them right now

Re: Chase MasterCard - Late

RobertEG — Sun, 14 Mar 2010 01:15:24 GMT

Corrrect. 30-days late does not mean it is late after expiration of the 30-day due date set in the billing statement.

For credit reporting purposes, it means over 30-days from the billing due date. That would normally be 60-days from the statement date.

Re: Chase MasterCard - Late

Anonymous — Sun, 14 Mar 2010 07:46:50 GMT

@RobertEG wrote:
Corrrect. 30-days late does not mean it is late after expiration of the 30-day due date set in the billing statement.
For credit reporting purposes, it means over 30-days from the billing due date. That would normally be 60-days from the statement date.

Can you please give a few examples, please? It would make it easier for me to understand.

Re: Chase MasterCard - Late

Bocklin — Sun, 14 Mar 2010 17:56:51 GMT

Jan 5th - Start of monthly cycle

Feb 4th - end of monthly cycle; bill generated with a due date of

Feb 24th - payment is due... if you pay it later it is late, but not 30 days late until....

Mar 26th - 30 day late reported

Is that right?

Re: Chase MasterCard - Late

Anonymous — Sun, 14 Mar 2010 23:28:30 GMT

@Bocklin wrote:
Jan 5th - Start of monthly cycle
Feb 4th - end of monthly cycle; bill generated with a due date of
Feb 24th - payment is due... if you pay it later it is late, but not 30 days late until....
Mar 26th - 30 day late reported

Is that right?

So that would be 30 days after the payment was due, correct? Seems logical to me.

Re: Chase MasterCard - Late

Anonymous — Mon, 15 Mar 2010 21:38:54 GMT

@Anonymous wrote:
Chase ended up being very gracious with me. The CSR confirmed with me that they only report negatively when it's 30 days late, and he even removed the $39 late fee! I am very pleased with them right now

and that is what is should be the way it should be.that was the problem with Universal Default. The banks were able to make people look delinquent when they weren't , because the shortest delinquency is 30 days. If I was in charge of credit reform , I would make it illegal and impose a hefty fine to any creditor reporting a late payment. And that would essentially FIX Universal Default

Re: Chase MasterCard - Late

Anonymous — Tue, 23 Mar 2010 02:30:54 GMT

I just called Chase and they would not reverse my late fee. I was two business days late on payment and 4 total days. They said unless it was caused by a bank error we can't reverse fee.

So somehow you had a better result. Do you mind if I ask if you have a mortgage with them or if you move a lot of money through? I am just wondering if you got special treatment. I don't have a mortgage with them and I pay on time consistently, so I never have interest fees.

Let me know how it worked for you!

Re: Chase MasterCard - Late

ShowCredit — Wed, 24 Mar 2010 21:27:23 GMT

Call and talk to someone else. Try calling and be nice when you call, until you get someone who will do it.