Late Payments – Credit Repair

Late payments are payments made after the date that it was due. Typically, a late fee is imposed when your payment is received after the due date or grace period. A late payment or slow pay is what reports when a consumer pays 30 days after the payment due date.

If a consumer pays 60 days after the payment is due, they will be considered 60 days late. When a consumer does not make a payment for 90 days the account will report 90 days late. Late payments can damage your credit a great deal.

If you are currently 30, 60, 90or 180 days late this is considered “rolling late.” Many consumers refer to late payments as “slow pay.”

Call Houston Credit Repair at 281-419-6811 for Bankruptcies credit repair.