First late payment in 12 years (2 days late) - How... - myFICO® Forums

leo222 · ‎10-08-2021

Hi all,

So, I was shocked to learn that I had a late payment on my US Bank card. The due date was on the 6th, and I only realized it on the 8th (and paid immediately). Long story short, I guess I thought I had auto-pay on, but I guess it wasn't - no excuses though, I take full responsibility for not making the payment on time. I called, and the rep. was very nice about it, and immediately reversed the late payment charge, but could not say how/if it would affect my credit score (which is honestly more important to me than the $29 late fee).

I believe I may have had one late payment when I was very, very young, but I've had no late/missed payments in over 12 years. Even when I was struggling financially, I've always made my credit card payments on time. I wanted to see if this will negatively impact my Fico scores or not, and if it will, by how much?

stw715 · ‎10-08-2021

Probably nothing. Creditors don't usually report a late payment until it's 30 days past due.

Brian_Earl_Spilner · ‎10-08-2021

Has to be 30 days late to be reported. Your main concern now is how us bank will treat you in the future.

coldfusion · ‎10-09-2021

@Brian_Earl_Spilner wrote:
Has to be 30 days late to be reported. Your main concern now is how us bank will treat you in the future.

^^^this

You're going to be in the APR penalty box for a set period (likely around 29.99% APR for either 6 or 12 months, check your card agreement for the specifics in your case) and they may side eye CLI requests for a while but if you don't repeat the mistake they'll get over it.

(9/2023)
FICO 8 (EX) 825 (TU) 841 (EQ) 848
FICO 9 (EX) 850 (TU) 850 (EQ) 850

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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion

leo222 · ‎10-09-2021

Ahh, I see - Thanks guys. So, then I'm probably fine I guess, because I recently increased my credit line with them anyway, and I'm also on their 0% introductory term for another 8-10 months anyway.

GApeachy · ‎10-09-2021

@leo222 wrote:
and I'm also on their 0% introductory term for another 8-10 months anyway.

Just be sure to check that 0% intro term like @coldfusion mentioned upthread (lates vs. apr) ....they may take it away, they may not. To be on the safe side, watch that, K? cyb

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First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

Re: First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

Re: First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

Re: First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

Re: First late payment in 12 years (2 days late) - How will it affect my Credit Scores?

Re: First late payment in 12 years (2 days late) - How will it affect my Credit Scores?