Do late payment affect my credit score?

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I'm a Participant Level 2 Nathy
I'm a Participant Level 2

Do late payment affect my credit score?

I payed my bill 2 days after the due date. I was wondering if this will affect my credit score. 

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Re: Do late payment affect my credit score?

Hello @Nathy,

 

Welcome to the community!

 

Late payments can impact your credit score, here is a good article from Equifax and TransUnion here

 

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I'm a Legend Level 1
I'm a Legend Level 1
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Re: Do late payment affect my credit score?

Hello @Nathy,

 

Welcome to the community!

 

Late payments can impact your credit score, here is a good article from Equifax and TransUnion here

 

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I'm a Participant Level 2 Nathy
I'm a Participant Level 2

Re: Do late payment affect my credit score?

Thanks for the links. Although a 2 days cellphone late payment doesn't seem to affect much.

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MVP
MVP

Re: Do late payment affect my credit score?

Hello Nathy,

 

  Welcome to the community!

 

  I am doubtful that a late payment of 2 days will affect your credit score. That said, you may have incurred some late payment fees (see here).

 

  Most cellular phone companies do not routinely report payment information to the credit bureaus. However, if your payment is past due to the point it gets sent to a collections agency, that agency would report it to the credit bureaus resulting in a hit on your credit score (see here, here, and here).

 

Hope this helps Smiley

 

Cheers



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I'm Qualified Level 1
I'm Qualified Level 1

Re: Do late payment affect my credit score?

FYI Current Canada "credit reporting rules for mobile phones" Other accounts included on a credit report

Mobile phone and Internet accounts may be reported on a credit report, even though they aren't credit accounts.

Src: Equifax

 

Mobile phone does not carry scores only info on how long you have established accounts.  Tips : Call equifax request your credit report every 6 to 12 months its FREE and important for you to review your Id e.g. online security. NB I dont suggest using Karma credit as they are NOT regulated! ;~

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Community Specialist
Community Specialist

Re: Do late payment affect my credit score?

Thanks for the info @Scooby-Doo



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I'm Qualified Level 1
I'm Qualified Level 1

Re: Do late payment affect my credit score?

Thank you @FidoStephane

& a very Merry Christmas to you! :robothappy:

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