30 days after due date on your bill, if it says pay immediately then it is due as of the mailing date.
normally 30 days
Yes. But if the account holder has been in good standing and tis is the first late payment, it probably won't be reported. 4 days late can legally be reported as "past due" on your credit report, but this is unlikely. The account cannot be reported as 30 days late unless it is ACTUALLY 30-59 days past due. Each creditor is different. Some report from last pay date, some report from last due date.
I've always heard that companies can't even legally report you until you're more than 30 days late.
In theory it is a late payment. It is highly unlikely that it would be reported as such. ALthough some creditors depending on how they define "business days" might penalize you with a late payment charge.
Only late payments that are (at least) 30-59 days may be reported in the 30 day counter and only payments made that late change your rating from an R1 or I1 to an R2-I2. However, should a payment be even ONE DAY past due, that information can be reported on your credit report without changing the RI-I1 status. There are different fields of information on your credit report. So, it is uncommon, but possible, for a past due payment to be reported that is not actually 30 days late.
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
Absolutely.
normally 30 days
Yes. But if the account holder has been in good standing and tis is the first late payment, it probably won't be reported. 4 days late can legally be reported as "past due" on your credit report, but this is unlikely. The account cannot be reported as 30 days late unless it is ACTUALLY 30-59 days past due. Each creditor is different. Some report from last pay date, some report from last due date.
I've always heard that companies can't even legally report you until you're more than 30 days late.
In theory it is a late payment. It is highly unlikely that it would be reported as such. ALthough some creditors depending on how they define "business days" might penalize you with a late payment charge.
Only late payments that are (at least) 30-59 days may be reported in the 30 day counter and only payments made that late change your rating from an R1 or I1 to an R2-I2. However, should a payment be even ONE DAY past due, that information can be reported on your credit report without changing the RI-I1 status. There are different fields of information on your credit report. So, it is uncommon, but possible, for a past due payment to be reported that is not actually 30 days late.
30 days strictly net means you have exactly 30 days from the date on invoice to submit payment for goods or services performed. Any time after that late penalties could result.
A recent late payment of over 30 days may hurt your credit score up to 60 points.
yes
Payment is due in 30 days with no discount
This would only be true if you have it specified in your loan agreement. Otherwise, as a general rule, anything paid after 10 days past the due date is considered late and incurs a late fee as well as being reported to the credit bureau(s) as less than 30 days late