How late can you pay before credit is effected?

[Anonymous]

Hi Everyone,

I am in a little jam because of recent hurricane and mandatory evacuations in my area. I am going to have to do a little juggling to keep everything current.

I have a local lending broker I use in tough times for an extra $1000 here, and $1500 there.

edit to add rest of post:
My question is this: How long can I go without making a payment before my credit would be effected?

Specifically, I have one installment loan, and perhaps my mortgage with Chase that I may have to be late on this month about 10 days.

Isn't it true that only if I am 30 days late, it will report a "baddie" on my credit report? I am sure I can get them paid within 30 days. I know I will incurr rediculous late charges, but, do I have a choice?

My main concern is keeping my payment history perfect on my credit report.

Any advice or information will be appreciated.

Thank You,

-D.Morris

(added this from other post, because this one already had a reply)

Message Edited by haulingthescoreup on 09-08-2008 01:50 PM

[llecs]

Some CCs will work with you. I logged into DW's Citi acct this morning and they offered assistance to those affected by Gustav.

[Anonymous]

Even if you aren't in a disaster area or area in state of emergency often if you call before you are late they sometimes allow you to skip payments. Usually I have seen banks offer a grace period for environmental emergencies or evac even if the storm didn't hit. Usually I have seen them also waive late fees with out problems.

[Anonymous]

Technically, once you are late, they can report you as late.

Most don't until you are actually 30 days past due.

I'd call and talk to them. Easier to deal with before it happens then after.