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30 Day Late = The Full Month or 30 Actual Days?


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Can you ever get a 30 day late mark during the month of February if your due date is Feb 1st and you make the payment on March 1st?

 

Another question, what is the max days late that can be reported?

 

30, 60, 90, 120, 150, 180, 210, etc

 

Too much time on my hands sitting around after a nice Christmas meal. :wave:

Edited by BoostMyScore
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Credit card companies do not care if February is a short month. If you payment was due on Feb. 1 and by Mar. 1 you haven't paid it, you'll be 30 days late.

 

As far as how many days late can be reported, I'm not sure. I've had 180 before.

That's interesting. So technically you can get a 30 day late and not be 30 days late.

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180 days is 6 months and after 6 months, accounts can be charged off. There is a difference in reporting charged off and actually charging an account off. If it is just reporting, then nothing really changes. When an account is actually charged off, the OC can send you a 1099 and report the debt as a profit-and-loss write off on taxes. If you ever see "profit-and-loss write off" in remarks, expect a 1099.

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Credit card companies do not care if February is a short month. If you payment was due on Feb. 1 and by Mar. 1 you haven't paid it, you'll be 30 days late.

 

As far as how many days late can be reported, I'm not sure. I've had 180 before.

That's interesting. So technically you can get a 30 day late and not be 30 days late.

 

No.

 

You have to be a month behind on your payment to get a 30 day late. Regardless if the month is 28 days, 29 days, 30 days, or 31 days.

Edited by AnnMichele
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