First time unpaid on saloon stipend? Car payment is due on the 1st of each month, and we

Car payment is due on the 1st of each month, and we enjoy never been late up to that time. However, my significant other and I just remembered to make the motor payment today, June 5, 2007. Does anybody know if we made a payment inwardly the grace period? Will it show up on our credit? -_-

As long as you pay within the "grace period" you will not be assessed a belatedly charge. If and when you go over thirty days late (which would be the 1st of subsequent month) you are reported to the credit reporting agencies (Experian Trans Union Equifax).

You may be able to pay by phone today. Call their customer service number.

The lone way to know if you paid surrounded by the grace period, if you even have one, is to look at the stern of your loan papers. I think you have to be 30 days behind for it to appear on your credit report.

Answers:
Most vehicle contracts contain a 10-day grace period. Check your contract and see what it say.

If your check made it to the lender before the grace period, you will not be charged a in arrears fee. If not, they will charge you whatever past due fee is stated in your contract.

For a giving to be reported late to the credit bureaus it must be received 30 days or more from the due date.

What this will do is create whats called a internal unpunctually, this may keep you from getting credit from your lender in the adjectives. Be sure if you are charged a late fee to recompense it in full when you make your subsequent payment so it will not roll over and continue to grow.

You may hold a late charge, call the institution to find out, you will want to include that on your subsequent payment so it is not considered short paid and slow.

It will not be reported to a credit agency until 30 days past due.

Good luck.