credit score and late payments - GoFuckYourself.com

bigdog · 05-23-2005, 09:03 AM

can a late payment drop you credit scroe a 100 points or so?

StuartD · 05-23-2005, 09:05 AM

not likely. Now, if you're a month or two late.....

Veterans Day · 05-23-2005, 09:07 AM

late payment as in 30-60 or 90 days, or late as in 5-10 days or so and paying a late fee?

bigdog · 05-23-2005, 09:14 AM

a 30 day late payment that would show up on you credit report

Sosa · 05-23-2005, 09:15 AM

pay your damn bills!

Veterans Day · 05-23-2005, 09:17 AM

Quote:

Originally Posted by bigdog

a 30 day late payment that would show up on you credit report

theres other mitigating factors in your score decline, but that 30 day is the major influence

lazycash · 05-23-2005, 09:30 AM

Quote:

Originally Posted by Veterans Day

theres other mitigating factors in your score decline, but that 30 day is the major influence

Yeah, but even a late payment well past 30 days is not going to drop your score 100 pts.

Veterans Day · 05-23-2005, 09:40 AM

Quote:

Originally Posted by lazycash

Yeah, but even a late payment well past 30 days is not going to drop your score 100 pts.

we have no idea if he has or had other lates, collections, judgements and a million other things. I did mortgages for 10 years, seen it all

bigdog · 05-23-2005, 09:42 AM

Quote:

Originally Posted by Veterans Day

we have no idea if he has or had other lates, collections, judgements and a million other things. I did mortgages for 10 years, seen it all

the only other negative item is high resolving balances on accounts

Veterans Day · 05-23-2005, 09:46 AM

Quote:

Originally Posted by bigdog

the only other negative item is high resolving balances on accounts

which is a major influence

lazycash · 05-23-2005, 09:47 AM

Quote:

Originally Posted by Veterans Day

we have no idea if he has or had other lates, collections, judgements and a million other things. I did mortgages for 10 years, seen it all

I was referring simply to the impact of the one late he was referring to irrevelant of whatever negatives he may have.

rounders · 05-23-2005, 09:47 AM

or if u inquire about ur SSN alot

Veterans Day · 05-23-2005, 10:18 AM

Quote:

Originally Posted by rounders

or if u inquire about ur SSN alot

credit inquiries made by creditors is different than personal inquiries

bigdog · 05-23-2005, 10:22 AM

Quote:

Originally Posted by Veterans Day

which is a major influence

what's the point of having a high credit limit if you can't use it all.I pay the full balance every month

collegedowntimeb · 05-23-2005, 10:23 AM

Your not delinquint sp? until 60 days as far as your credit score goes.

Veterans Day · 05-23-2005, 10:33 AM

Quote:

Originally Posted by bigdog

what's the point of having a high credit limit if you can't use it all.I pay the full balance every month

they look at it as your living to 100% of your means

Veterans Day · 05-23-2005, 10:33 AM

Quote:

Originally Posted by collegedowntimeb

Your not delinquint sp? until 60 days as far as your credit score goes.

uh huh

College Downtime · 05-23-2005, 10:35 AM

Quote:

Originally Posted by Veterans Day

uh huh

Look it up

Veterans Day · 05-23-2005, 10:39 AM

Quote:

Originally Posted by College Downtime

Look it up

all creditors are different but if your payment is due on the 1st with say a 10 day grace they will usually, start the reporting on the 10th of the next month, 30 days late. Shit the shady lenders that lend money at 20% are calling and sending letters the day before your payment is due

bigdog · 05-23-2005, 10:42 AM

Quote:

Originally Posted by collegedowntimeb

Your not delinquint sp? until 60 days as far as your credit score goes.

thats what i thought also, but it's actually 30 days

bigdog · 05-23-2005, 10:45 AM

veternsday how many points does a 30 day late usally drop a person? Also can 30 day lates be erased using some credit repair services?

Veterans Day · 05-23-2005, 10:49 AM

Quote:

Originally Posted by bigdog

veternsday how many points does a 30 day late usally drop a person? Also can 30 day lates be erased using some credit repair services?

all 3 bureaus have thier own way of scoring and factoring detrimental reporting such as lates, judgements and so forth. No way to tell for sure. As for getting 30 day lates taken off, is only possible if it was in fact not 30 days late, you will need proof that it was not in fact 30 days late, then file a complaint with whichever bureau is reporting the 30 and they will in turn contact your creditor that reported you. Those credit repair companies are nothing more than shams, they do nothing different than you can do yourself, which is dispute the reporting.

Basic_man · 05-23-2005, 10:50 AM

I always to my payments on time !

bigdog · 05-23-2005, 11:28 AM

Quote:

Originally Posted by Veterans Day

all 3 bureaus have thier own way of scoring and factoring detrimental reporting such as lates, judgements and so forth. No way to tell for sure. As for getting 30 day lates taken off, is only possible if it was in fact not 30 days late, you will need proof that it was not in fact 30 days late, then file a complaint with whichever bureau is reporting the 30 and they will in turn contact your creditor that reported you. Those credit repair companies are nothing more than shams, they do nothing different than you can do yourself, which is dispute the reporting.

intresting i thought they could get stuff taken off, just based on the fact if the credit bureau does not respond in a ceartain amount of time

UniversalPassLorence · 05-23-2005, 11:32 AM

It depends how recent and I think it sure can drop it 100 points.

Mr.Fiction · 05-23-2005, 11:35 AM

100 points seems like a lot for making one mistake.

bigdog · 05-23-2005, 11:43 AM

Quote:

Originally Posted by UniversalPassLorence

It depends how recent and I think it sure can drop it 100 points.

just last month, i think the more recent it is the more it counts

Veterans Day · 05-23-2005, 11:54 AM

Quote:

Originally Posted by bigdog

intresting i thought they could get stuff taken off, just based on the fact if the credit bureau does not respond in a ceartain amount of time

if those credit repair companies are banking on swamping the bureau with 100's of identical requests to eliminate something and it does in fact fall off due to no reply within reasonable time, you can bet your ass the creditor will reinitiate the delinquency and now your back to square one, just pay your shit on time, and if you fuck up, live and learn

05-23-2005, 09:03 AM	#1
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	credit score and late payments can a late payment drop you credit scroe a 100 points or so?

05-23-2005, 09:05 AM	#2
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	not likely. Now, if you're a month or two late..... __________________ This is me on facebook This is me on twitter

05-23-2005, 09:07 AM	#3
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	late payment as in 30-60 or 90 days, or late as in 5-10 days or so and paying a late fee? __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

05-23-2005, 09:47 AM	#12
rounders Confirmed User Join Date: Sep 2003 Location: p0rn0stars & h0es Posts: 2,931	or if u inquire about ur SSN alot __________________ ICQ#: 153923840

05-23-2005, 10:23 AM	#15
collegedowntimeb Registered User Join Date: Jul 2004 Location: illinois Posts: 14	Your not delinquint sp? until 60 days as far as your credit score goes. __________________ <a href=http://www.collegedowntime.com><img src=http://www.collegedowntime.com/images/pulliambanner3_remix.jpg> </a><br> College entertainment at its peak!

05-23-2005, 09:14 AM	#4
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	a 30 day late payment that would show up on you credit report

05-23-2005, 09:15 AM	#5
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	pay your damn bills!

05-23-2005, 10:45 AM	#21
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	veternsday how many points does a 30 day late usally drop a person? Also can 30 day lates be erased using some credit repair services?

05-23-2005, 10:50 AM	#23
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	I always to my payments on time ! __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

05-23-2005, 11:32 AM	#25
UniversalPassLorence Confirmed User Join Date: Dec 2004 Location: Califonia Posts: 3,721	It depends how recent and I think it sure can drop it 100 points. __________________ $25.00 PPS for $1.00 Trial Making Webmasters Money Since 1997 ICQ: 305090349

05-23-2005, 11:35 AM	#26
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	100 points seems like a lot for making one mistake. __________________ Don't be lazy, protect free speech: ACLU \| Free Speech Coalition \| EFF \| IMPA