Only at Credit Savvy, we get expected lots of questions so that as area of the typical CCR Questions series, we’ll tackle a couple of questions that are common belated re payments:

Q: just how do belated payments impact my credit rating?

A: most of us are making late or missed payments into the past so we can all agree it is not just a pleasant feeling. An individual missed repayment could run you a belated charge because of the business and possibly keep a black colored mark on your own credit file, hence inside your credit history.

With Comprehensive Credit Reporting (CCR), credit providers have the ability to record a late or payment that is missed your credit history in your “repayment history information” as soon as your re re payment has ended 2 weeks later. Continue reading →