Mortgage payment reported late by bank.

[Anonymous]

i have one or two home mortgage payments over 3 years reported in 30 day late category when in fact they were credited and posted to account less than 30 days after due date, but after the 15 day grace period. Is this erroneoius posting as late by bank?

[IOBA]

In their eyes, no, they are not reporting wrong.  You were late.  Period.

If you had been late by a day or two, they may not have reported it late or they may have been willing to erase the late.

[MarineVietVet]

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@Anonymous wrote:

i have one or two home mortgage payments over 3 years reported in 30 day late category when in fact they were credited and posted to account less than 30 days after due date, but after the 15 day grace period. Is this erroneoius posting as late by bank?

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Hi Frank and welcome to the forums.

If I'm reading this correctly you paid after the due date and grace period but before the next statement posted? It sounds like there should have been late fees attached but you weren't more than 30 days late on any payment.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[grussell70]

Most mortgage companies will charge a late fee but if the payment is in by the end of the month it will be reported on time on your credit report.

[Anonymous]

Is this something I should file a complaint with State banking regulators over?

[MarineVietVet]

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@Anonymous wrote:

Is this something I should file a complaint with State banking regulators over?

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Do you think you've exhausted all efforts to get this fixed by the bank? In other words you've talked to everyone you can think of at the bank?

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[haulingthescoreup]

... and can you post the dates involved?

due date:

date you paid:

date payment posted:

date of next statement:

[RobertEG]

The credit reporting manual and guidelines published by the CRAs, and agreed to by all who report to the CRAs, is very clear on this issue.

The "clock" for reporting a 30-day delinquency to a CRA starts 30-days after the billing due date, and not the billiing date.

If you had a billing date of, for example, 3/1/2010 that set a billing due date of 4/1/2010, and you paid before 5/1/2010, that is clearly NOT a reportable 30-day late to a your credit file. 

I would dispute any such posting directly with the OC under FCRA 623(a)(8).  It is improper reporting.