Late payment

bobmonkeydog

Hi everyone,

Just a quick question.

Is it normal for lenders to report late payments after just a few days? I was under the impression that they didn't report until after 30 days at which point a '1' was recorded on the payment history.

I have recieved a late payment marker for a payment made just a few days late. Is this normal and can I ask for it to be removed?

thanks

BMD

Tixy

They can report if its just 1 day late.
Quite often lenders don't report if its just a couple of days late.

You can ask them to remove it as a gesture of goodwill, but they don't have to and may well not. Nothing to lose by asking though.

Gromitt

Sometimes it depends on how close the payment date is compared to the date they update your CRF. So they might wait 1 day or 30 days before updating, or they might just notice your late payment and notify upon update.

If this is your first late payment then you stand a chance of getting it removed. Some providers also allow you one late payment per 366 days.

Rupert_Bear

bobmonkeydog wrote: »

Hi everyone,

Just a quick question.

Is it normal for lenders to report late payments after just a few days? I was under the impression that they didn't report until after 30 days at which point a '1' was recorded on the payment history.

I have recieved a late payment marker for a payment made just a few days late. Is this normal and can I ask for it to be removed?

thanks

BMD

Set up a direct debit and save the grief.