 Does cancelling a cell phone contract hurt your credit? |
| i got a cell phone in my cousins name (with her permission, of course) and now we're trying to switch the contract over to my name. i don't know if i want to continue with this company, and ... |
|
 Is one credit card enough? |
| I have two credit cards, my first card had a limit of $1000 which I got while in college. Today after five years they have raised the limit to exactly $10000. The second, American Express Gold, which ... |
|
 What happenes if you dont pay your credit card bills? |
does it just go to a credit place or do they take you to court or jail? my bill is 4 thousand dollars?
Additional Details
I am on maternity leave, my baby is very colicky so i cant work ... |
|
 How do i put this into words? |
I have been advised to offer a minimal repayment to a debt collection agency, however i cannot find any sample letters that reflect this.
All i wish to do is briefly explain my circumstances, ... |
|
 What are some things you can do to increase your credit score? |
| My credit score has gone down since last year (I was at about a 750) and I have only been late on making a credit card payment once. ( I am down to about a 630) What are some things I can do to get ... |
|
 I have a check to cash that accidently ran through my printer...HELP!!? |
| I CAN NOT ask the person who wrote it to re-issue. Long story, but I can't. The front of the check is fine. The back has a picture printed on it...it stuck to my printing paper, unbeknownst ... |
|
 I have two collections left on my credit reports? |
| I have contacted both of them asking for a pay for deletion letters, and they both refused. The total of both is only 145.00. If I choose to not pay them until the 7 years is up, how will it reflect ... |
|
 How hard is it to get a mortgage now? What kind of credit score do you need? |
| I've heard that due to all of the foreclosures mortgage companies are getting tougher.... |
|
 What is the billing address mean??? |
| when I go to buy online I give the shipping address and he would the billing address is this mean the address of my bank???... |
|
 School loans? |
| anyone know how to get low interest rate student loans?... |
|
 Looking for online job that pays in cash? |
| I am looking for a online job that i can get paid in cash. I have heard about those prepaid credit cards and that mold also be helpfull information. Do you know of any good website's that have ... |
|
 If someone is claiming DSS benefits but? |
| but their landlord doesn't know, is that classed as fraud. I think my neighbour is running a scam, they rented the property in someone elses name, but they get benefits to make the payments, ... |
|
 I can I get a auto loan with no credit on an $8,000 car? |
| I'm only 19, so I have no credit. Is there anyway to get a loan/money to buy a Jeep Wrangler from a dealership?... |
|
 I have a car loan, I don;t have all the money to pay for, can I make partial payment? |
| I want to know if I can make a partial payment on a car note and not receive collection ... |
|
 Need temp loan for 1000.00 bad credit.no luck w/payday loan.? |
| I owe irs. $10,000.00, which I have in my 401k.however I have an outstanding loan bal on my 401k for $1000.00, so I cant borrow until I pay my bal. can anyone help?... |
|
|  |
ICU2QT | Does late payment on car insurance affect credit? |
just wondering if a late payment of a bill....say my telephone bill, or car insurance affect my credit? |
 |
 
eric194
|
Most of the time insurance companies and utilities do not report to the credit bureaus on a monthly basis. In most cases the only time you would see something from them is if you left an unpaid bill that went to collections. The best way to know for sure is to check your credit report and see what is getting reported every month. As for any account that is reported monthly I recommend that if you must pay late make sure to still pay within 30 days of the original due date. That is because the only time a "late payment" shows up on your credit is if it was 30 days or more past due. If you are for example 28 days past due this would show as "ok" or a timely payment even if you had to pay a late fee.
There can still be other consequences to paying your insurance late as Echo mentioned, it can increase your premiums, and utility companies can charge you a security deposit but for that to happen with either you would have to pay late more than just once. |
|
Ryan H
|
The answer is no, one late payment wont affect your credit due to the fact that insurance companies and phone/power companies will only report on your credit if the account is charged-off or sent to collections which is usually 60-90 days late. |
|
echo
 |
I don't think I've ever heard of an insurance company reporting on a monthly basis
Many utility companies across the country do not report on a monthly basis.
Since those companies don't report on a monthly basis they won't report a late payment.
If your utilities do report on a monthly basis then they will show any late payments you make.
Unless your utilities report on a monthly basis I doubt they or the insurance company would even report if you defaulted.
They would just turn the debts over to collectors and the collectors would report.
If you have lates on your insurance, your premiums may go up.
If you have lates on your utilities, they may require you to pay a deposit. |
|
just another answer
|
yes, in a major way |
|
frank m
|
Your car insurance bill for sure. The insurance often base your rates on many factors including your credit score. They are some of the first to rat you out for a late payment cuz they get to charge you more for being a late payer. Cell phone companies are fast rats too, but your local phone company is far less likely to report you for a late payment. |
|
J B
 |
afraid so |
|
Gump023
 |
Yes, one of the biggest factors in credit score too. |
|
alcollar329
 |
Most places have a "grace period" before it would start to affect your credit. And even after that it would take a lot more than just one late payment to really screw up your credit |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 29 minutes(s) ago
| | | |
8 | 38 minutes(s) ago
| | | |
9 | 51 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
