Late Payment

[E. Clark]

Hello!

I made my June mortgage payment on the 28th. My lender didn't debit my account until 7/1. I have a 30 day late that tanked my credit score. The rep I talked to spoke about the difference between the post and transactional dates. I paid my mortgage before the end of the month. Bottom line, can I fight this?

 

[Jzone]

When was your payment due? July 1st? Most mortgages have a 10 day grace period. Mine is due on the 1st of the month, but not considered late until the 11th.
If this was your June payment and not July payment, then it probably would be considered late.

 

[Erik Sandstrom]

I would ask for a one time courtesy that they remove the late fee from your credit report. They may have to send you a letter that states it was inaccurately reported and you can get the bureaus to remove it to boost your credit score back up.

 

[moequity]

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