Common CCR issues: How so when do later re payments harm my credit history?

Common CCR issues: How so when do later re payments harm my credit history?

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