120 Day late on one Credit Report

Anonymous · ‎02-13-2016

I screwed up and let my Gas bill become late by $50.00. I paid some but not ALL of the bill which their reporting as 120 days late. I plan on applying for a mortgage later this year. Is this going to be an issue if it's only reporting on one credit report.

Thanks!

Anonymous · ‎02-15-2016

Any help guys?

Anonymous · ‎02-15-2016

1) It doesn't matter if it is on one report or all three, it will show to the lender regardless

2) It may or may not be a problem, depending on the type of loan you go after

3) If it gets past AU, then more than likely it will not be an issue

Anonymous · ‎02-15-2016

Thanks for the reply SouthEast80. Middle mortgage score is currently sitting at 740. I was hoping for either a Conventional 97 or USDA loan. That would be my only baddie.

Anonymous · ‎02-15-2016

I guess it would depend on the individual lender and there overlays and what the DU came back with after AU was completed. I do not believe Fannie Mae has any guidelines about late payments and the timelines for those as they do with late mortgage payments.