Home Buying & Real Estate Thread

[spizike231]

You generally get a 15 day grace period before late fee. Once it hits 30, you’re technically in default and it’ll be reported to credit bureaus.

Do you think this payment will show up on my report as a late payment in general, even if it’s not technically one that went to default? Or is this time frame still going to be between me and my bank only?

 

[Grine]

Most mortgage lenders do not report a late payment to credit bureaus until it is at least 30 days past due. In this case, it would likely remain between you and your bank, and wouldn’t affect your credit report.

 

[mplsdunk]

I think you’re fine twin, I’ve forgot to pay too one time for two weeks and they didn’t report it.

 

[spizike231]

I think you’re fine twin, I’ve forgot to pay too one time for two weeks and they didn’t report it.

Preciate the info twin

 

[slaughterx]

 

[nonnative]

Do you think this payment will show up on my report as a late payment in general, even if it’s not technically one that went to default? Or is this time frame still going to be between me and my bank only?

It probably won't but even if it does, a single late payment isn't going to do anything crazy to your credit score anyway

 

[spizike231]

I had a super late payment with capital one once cause of my annual fee and I had a **** ton going on at that time, so h didn’t even see it.

My score dropped a cool 50 points at the snap of a finger so I’m scarred now

 

[Raji Lowenthal]

I had a super late payment with capital one once cause of my annual fee and I had a **** ton going on at that time, so h didn’t even see it.

My score dropped a cool 50 points at the snap of a finger so I’m scarred now

Unless you're about to make a major purchase it's not anything to worry about. I've done this before on purpose and it cleans up easily. (Unless you're in process or about to make a major financed purchase).

 

[spizike231]

Unless you're about to make a major purchase it's not anything to worry about. I've done this before on purpose and it cleans up easily. (Unless you're in process or about to make a major financed purchase).

I actually called Capital One and made my case, send a letter requesting an exception and they approved. It got removed and my score went back up. I was thankful cause man that was a crazy time in my life.