poopooli asked:
For the first time, I forgot to pay my credit card bill. Is going to have a bad effect on my credit score even if it only happened once?
For the first time, I forgot to pay my credit card bill. Is going to have a bad effect on my credit score even if it only happened once?
#1 by SexyPants - December 26th, 2009 at 16:30
No. Just don’t let it happen again any time soon.
#2 by Deliah - December 27th, 2009 at 06:40
Of course it will have a short term effect but only if you were 30 days late in paying. It should have no long term effect.
#3 by Curious - December 29th, 2009 at 19:52
No, you’ll be OK, if its the first time it has happened. You will just get charged more interest for the next couple of months, or until you pay it up.
#4 by Lady Mala - December 30th, 2009 at 21:35
No. Have you seen your credit record? There are rows for payments made, green for onetime, red for delinquent. Possible money lenders are looking for a habitual pattern of paying late ( or not at all), not a single instance. If you have 30 green squares and one red square, they won’t count it against you. They are looking for people who don’t pay!
#5 by infinite crisis 247 - December 31st, 2009 at 23:59
as far as the credit bureaus go, you arent late until it’s 30 days late. try your darndest to pay before then. elsewise, it will hit your credit report.
#6 by aidenislove - January 1st, 2010 at 19:57
They’ll probably just give you a $29 late fee and that’s it. Call them up and just ask not to report it on your credit report. They don’t have to report it.
#7 by helpdesk - January 5th, 2010 at 03:10
of course not. Banks will understand that at some point in our life it happens.
#8 by mike c - January 5th, 2010 at 20:01
Call them up and just tell them not to report you to the credit report.