I don't know if it's unusual, but none of the credit cards I've had have even reported late payments that were only a few days late. Discussion on places like Fatwallet suggests that most companies report payments that are 30+ days late, with additional badness tiers at 60+ and 120+ days late.
It's interesting that you point that out, I'll probably contact my bank about it tomorrow.
This isn't the place for discussion of my personal credit record, but it may be interesting for someone. I had a charge of 237 GBP on 11th April (the one that pushed the balance into debit at all), and the bill on 12th April, with a due date of 11th May (according to the credit card website). The next payment was when I noticed (thought) it had been missed - but was on the 10th of May, 1000GBP pushing the account a few hundred back into credit (i.e. negative balance). So judging by what appears on their website, it was actually before the due date. Yet it showed up in a credit report (Experian's creditexpert.co.uk free trial)...
Discussion on places like Fatwallet suggests that most companies report payments that are 30+ days late, with additional badness tiers at 60+ and 120+ days late.
Yes. Also, credit reports focus on currently delinquent accounts -- a missed credit card payment a few years ago almost certainly won't show up if the account is currently not delinquent.
> Yes. Also, credit reports focus on currently delinquent accounts -- a missed credit card payment a few years ago almost certainly won't show up if the account is currently not delinquent.
This is absolutely untrue. Have you looked at a credit report before? There is a table in it that includes information about each month for the last few years (I believe seven); and each month is a whole column of information about each of the various accounts you have been paying to. It indicates whether there was no payment needed, payment on time, or, yes, a late payment. Even if the account is currently paid up.
I don't have to. The burden of proof is on someone who claims that something "almost certainly won't show up", when in fact there are a lot of circumstances where it definitely will. I'll concede that you might need to look at more than one report to see evidence of this, but I maintain that the ggp is incorrect and I was right to call it "absolutely untrue".
Definitely. Where I live (Toronto) credit reports used for most things only have information like: "missed a payment in the last 30/60/120 days -- yes/no" and that's it. Pls, as above, most banks wont actually bother reporting a 1-day late payment at all.
