Will paying one credit card bill 3 or 4 days late affect your credit history?

Answer

In order for a late payment to affect your credit history and FICO score, the payment must be a full 30 days late from the origional due date.

Hope this is of some help!

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From what my papers say if you are even 1 hOUR late your annual percentage will go up with ALL creidt card companies- then it must be reported to some agency if that is so?? It would then have a negative impact it would seem.

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Yes, if you're late the rate can go up, but no it won't be reported unless it is 30 days or later. Hey, guess what, your interest rate can go up even if you pay on time. You contract with the credit card company most likely says they can revise the contract any time they want, any way they want. With your bill you'll get a little slip along with all the additional crap they send you that states it when they do. They also check your credit regularly and if you score goes down they'll up your rate even if it's not because of late payments and such. Your credit score can go down because you've got too much credit, owe too much or have had a lot of credit inquiries.

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There can be a tsunami effect, in that, if you have a universal default clause in your credit card agreement, then being late on one card can cause the interest rate for that card--as well as for any other card that has a universal default clause--to go up. Thus, it will be much harder to pay lots of your bills, greatly increasing the likelihood that you'll end up with black marks on your credit history.

First answer by Robert Blackie. Last edit by Sheepgrape. Contributor trust: 230 [recommend contributor]. Question popularity: 170 [recommend question]