09-02-2008, 02:08 PM
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Late Mortgage payment?
Hello I have been working hard to get good credit. well i just made a payment that was 30 past due this is the first time i have ever been late on any bill how many points will i lose on my credit score roughly? anyone that has been in this same rotten boat pls give me some advise on how many point i stand to lose and how long does it take to roughly to get them back pls! thanks!
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09-02-2008, 03:15 PM
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Before you fret, I would call your mortgage company to see if they even reported it. Whenever you are facing trouble making payments, DO NOT avoid staying in close communication with the creditor. Many companies are willing to work with you if they know your intention is to make good on the payment. And they may exend your due date.Since I do not know the whole situation, I will mention that most mortgages have a 15 day grace period from the due date before a late fee is added. Was your payment 30 days past the actual agreed on date, or past the extension time?
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