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How To Pay Late and Avoid Negative Reporting


Several people have found themselves in less than perfect situations with their finances and wonder how long does it take before a payment is considered late.  Have you found yourself in a situation where money is tight and it just seems every month you are making late payments on your revolving accounts?  Learn how you can pay late on your accounts such as car note, student loans, mortgage, and credit cards to name a few and not have it reflect on your credit reports or credit scores.

Hence, if your payment is due on a particular date but for one reason or the other you couldn’t pay but your payment is made before the reporting date, then that payment will not reflect on your credit report negatively.  How you do this, contact the lender then inquire what date of the month do they submit their reports to the credit bureaus.  Once you have that piece of valuable information then you have the power to delay payment a few more days or weeks without reflecting negatively on your report.

Now please take into account that you may still acquire late fees.  You also will want to make sure that you consider payment processing time when timing your delayed payment.  Some processing may take up to 48 hours.

Several people have found themselves in less than perfect situations with their finances and wonder how long does it take before a payment is considered late.  Have you found yourself in a situation where money is tight and it just seems every month you are making late payments on your revolving accounts?  What if I told you that you can pay late on your accounts such as car note, student loans, mortgage, and  credit cards to name a few and not have it reflect on your credit reports or credit scores.

Hence, if your payment is due on a particular date but for one reason or the other you couldn’t pay but your payment is made before the reporting date, then that payment will not reflect on your credit report negatively.  How you do this, contact the lender then inquire what date of the month do they submit their reports to the credit bureaus.  Once you have that piece of valuable information then you have the power to delay payment a few more days or weeks without reflecting negatively on your report.

Now please take into account that you may still acquire late fees.  You also will want to make sure that you consider payment processing time when timing your delayed payment.  Some processing may take up to 48 hours.