Expert Q&A

Great question and one that is on many people’s minds these days.

Normally, if you are only a few days past a due-date, aside from a late fee – you should have no worries.

However, once the overdue payment goes beyond 30 days, it would be reported as such to one of three credit agencies: Equifax, Transunion and Experian.

It is good practice to review your credit score at least quarterly. The first time people “pull” their credit report, they are normally astonished by the numbers of errors present.