Time Frame on Late Payments/Credit Report

[RickInMich]

Hi,

Does anyone have an idea how late a credit card payment has to be to be reported as late on a credit report? I had heard it was 30 days, but I'm not sure. I'm just trying to plan when to file Chapter 7 and when to stop making payments.

Rick

[Keebler]

Hi,

Does anyone have an idea how late a credit card payment has to be to be reported as late on a credit report? I had heard it was 30 days, but I'm not sure. I'm just trying to plan when to file Chapter 7 and when to stop making payments.

Rick

Out of a dozen accounts, late payments only got reported to two of the three credit beareaus so far. It seemed like it took them forever to report, but it was 30 days after the payment due date for the missed payment. I last paid in June and the payment was due in July so the late payment reports didn't start hitting until August. Even then, the reports have only come from a few of the cards.

[ssdsco]

Here's my experience.

Last payments to a dozen or so creditors was June. I have a credit score watch service that sends me an email every time there's an update to my credit report at Equifax. So far only one creditor has reported me 60 days past due. That was during the first week of September. BTW that was the only creditor I've talked to and told them I was out of work and couldn't pay.

Starting around mid August I was put on autodial for just about all the creditors. I get a call about every 30 minutes from 8am until 9pm 7 days a week. As recommended in the forum I turned off the ringer and let everything go to voice mail. Most of the voice mails are someone repeating my name, music, or silence and just hanging up.

To date very few of the messages have left a callback name and number. Just in the past week or so I started getting letters saying that if I didn't contact them they would have to report negative info to the credit bureaus. A few letters have offered to drop my interest rate from 33% back to the original rate and credit the lates fees if I call them and work out a deal.

I expected to have creditors on my doorstep and legal action starting by now. I owe them close to $200k.